Analysis: Skokie pays $3.86 for every $1 pensioners contribute to Skokie Firefighters Pension Fund

By Local Labs News Service

Jun 9, 2018

Taxpayers contributed 78.7 percent of the $4,566,792 the Skokie Firefighters Pension Fund brought in last year, or $3.86 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, Skokie contributed $3,595,244 to the fund, which saw a $186,675 increase in revenue over 2015. Members contributed $931,116, or 20.4 percent, in 2016. Another $40,432 came from other unspecified sources.

Skokie Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,731,091	$2,619,060	$2,387,896	$3,246,294	$3,595,244	31.6%
Pension members	$831,485	$846,730	$825,259	$1,132,863	$931,116	12%
Other Revenue	$0	$5,031	-$17,182	$960	$40,432	-
Total	$3,562,576	$3,470,821	$3,195,973	$4,380,117	$4,566,792	28.2%