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

By North Cook News

Aug 22, 2020

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

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,387,896	$3,246,294	$3,595,244	$4,205,554	$4,825,390	102.1%
Pension members	$825,259	$1,132,863	$931,116	$940,662	$1,129,163	36.8%
Other Revenue	-$17,182	$960	$40,432	$77,504	$32,256	287.7%
Total	$3,195,973	$4,380,117	$4,566,792	$5,223,720	$5,986,809	87.3%