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South Cook News

Tuesday, November 5, 2024

Analysis: Burbank pays $3.68 for every $1 pensioners contribute to Burbank Firefighters Pension Fund

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Taxpayers contributed 78.9 percent of the $1,092,874 the Burbank Firefighters Pension Fund brought in 2018, or $3.68 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, Burbank contributed $861,909 to the fund, which saw a $418,495 decrease in revenue over 2017. Members contributed $234,056, or 21.4 percent, in 2018.

Burbank Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$495,378$604,957$573,376$1,271,611$861,90974%
Pension members$242,558$248,593$235,707$235,099$234,056-3.5%
Other Revenue$16,583-$4,433-$10,893$4,659-$3,091-118.6%
Total$754,519$849,117$798,190$1,511,369$1,092,87444.8%

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