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South Cook News

Tuesday, November 5, 2024

Analysis: Chicago Heights pays $5.78 for every $1 pensioners contribute to Chicago Heights Firefighters Pension Fund

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Taxpayers contributed 84.9 percent of the $2,956,692 the Chicago Heights Firefighters Pension Fund brought in 2018, or $5.78 for every $1 from pension members, according to a South Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Chicago Heights contributed $2,509,630 to the fund, which saw a $438,867 decrease in revenue over 2017. Members contributed $434,190, or 14.7 percent, in 2018. Another $12,872 came from other unspecified sources.

Chicago Heights Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,256,283$1,580,181$2,339,408$2,987,233$2,509,63099.8%
Pension members$474,698$454,557$423,699$410,530$434,190-8.5%
Other Revenue-$447,282$183,395$7,565-$2,204$12,872102.9%
Total$1,283,699$2,218,133$2,770,672$3,395,559$2,956,692130.3%

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