Quantcast

South Cook News

Friday, November 22, 2024

Analysis: Bridgeview pays $6.17 for every $1 pensioners contribute to Bridgeview Firefighters Pension Fund

Adobestock 279634992

Taxpayers contributed 86.1 percent of the $1,856,733 the Bridgeview Firefighters Pension Fund brought in 2018, or $6.17 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, Bridgeview contributed $1,598,000 to the fund, which saw a $222,953 increase in revenue over 2017. Members contributed $258,733, or 13.9 percent, in 2018.

Bridgeview Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,310,298$1,447,474$1,406,913$1,400,497$1,598,00022%
Pension members$223,164$307,461$261,885$233,284$258,73315.9%
Other Revenue-$-1$1$0-$-1$0100%
Total$1,533,461$1,754,936$1,668,798$1,633,780$1,856,73321.1%

MORE NEWS