Analysis: Park Ridge pays $4.19 for every $1 pensioners contribute to Park Ridge Firefighters Pension Fund

By Local Labs News Service

Jun 5, 2018

Taxpayers contributed 82.5 percent of the $2,237,949 the Park Ridge Firefighters Pension Fund brought in last year, or $4.19 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, Park Ridge contributed $1,846,200 to the fund, which saw a $301,951 increase in revenue over 2015. Members contributed $439,597, or 19.6 percent, in 2016.

Park Ridge Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,970,636	$1,553,909	$1,593,563	$1,611,360	$1,846,200	-6.3%
Pension members	$386,399	$385,796	$413,711	$404,193	$439,597	13.8%
Other Revenue	$9,305	-$6,550	-$2,184	-$79,555	-$47,848	-614.2%
Total	$2,366,340	$1,933,155	$2,005,090	$1,935,998	$2,237,949	-5.4%