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North Cook News

Tuesday, November 5, 2024

Analysis: Skokie pays $4.27 for every $1 pensioners contribute to Skokie Firefighters Pension Fund

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Taxpayers contributed 80.6 percent of the $5,986,809 the Skokie Firefighters Pension Fund brought in 2018, or $4.27 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 $4,825,390 to the fund, which saw a $763,089 increase in revenue over 2017. Members contributed $1,129,163, or 18.9 percent, in 2018. Another $32,256 came from other unspecified sources.

Skokie Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$2,387,896$3,246,294$3,595,244$4,205,554$4,825,390102.1%
Pension members$825,259$1,132,863$931,116$940,662$1,129,16336.8%
Other Revenue-$17,182$960$40,432$77,504$32,256287.7%
Total$3,195,973$4,380,117$4,566,792$5,223,720$5,986,80987.3%

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