Analysis: Park Ridge pays $4.45 for every $1 pensioners contribute to Park Ridge Firefighters Pension Fund

By North Cook News

Aug 14, 2020

Taxpayers contributed 81.3 percent of the $2,425,269 the Park Ridge Firefighters Pension Fund brought in 2018, or $4.45 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 $1,971,987 to the fund, which saw a $159,607 increase in revenue over 2017. Members contributed $442,772, or 18.3 percent, in 2018. Another $10,510 came from other unspecified sources.

Park Ridge Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,593,563	$1,611,360	$1,846,200	$1,862,585	$1,971,987	23.7%
Pension members	$413,711	$404,193	$439,597	$463,137	$442,772	7%
Other Revenue	-$2,184	-$79,555	-$47,848	-$60,060	$10,510	581.2%
Total	$2,005,090	$1,935,998	$2,237,949	$2,265,662	$2,425,269	21%