Analysis: Harwood Heights pays $4.74 for every $1 pensioners contribute to Norwood Park Fpd Firefighters Pension Fund

By Local Labs News Service

Jun 3, 2018

Taxpayers contributed 82.5 percent of the $1,210,931 the Norwood Park Fpd Firefighters Pension Fund brought in last year, or $4.74 for every $1 from pension members, according to a North Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Harwood Heights contributed $998,875 to the fund, which saw a $118,315 increase in revenue over 2015. Members contributed $210,559, or 17.4 percent, in 2016. Another $1,497 came from other unspecified sources.

Norwood Park Fpd Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$917,353	$898,974	$823,309	$885,051	$998,875	8.9%
Pension members	$214,400	$193,359	$253,845	$214,856	$210,559	-1.8%
Other Revenue	-$-1	$9,265	-$787	-$7,291	$1,497	149800%
Total	$1,131,752	$1,101,598	$1,076,367	$1,092,616	$1,210,931	7%