Analysis: Blue Island pays $7.04 for every $1 pensioners contribute to Blue Island Firefighters Pension Fund

By South Cook News

Jul 3, 2020

Taxpayers contributed 87.6 percent of the $1,262,036 the Blue Island Firefighters Pension Fund brought in 2018, or $7.04 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, Blue Island contributed $1,105,164 to the fund, which saw a $161,242 increase in revenue over 2017. Members contributed $156,872, or 12.4 percent, in 2018.

Blue Island Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$851,682	$414,266	$826,486	$949,612	$1,105,164	29.8%
Pension members	$127,344	$102,431	$151,663	$151,181	$156,872	23.2%
Other Revenue	$4,321	-$-1	$0	$1	$0	-100%
Total	$983,347	$516,696	$978,149	$1,100,794	$1,262,036	28.3%