Analysis: University Park pays $2.12 for every $1 pensioners contribute to University Park Firefighters Pension Fund

By Will County Gazette

Aug 3, 2020

Taxpayers contributed 67.5 percent of the $677,383 the University Park Firefighters Pension Fund brought in 2018, or $2.12 for every $1 from pension members, according to a Will County Gazette analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, University Park contributed $457,521 to the fund, which saw a $192,467 increase in revenue over 2017. Members contributed $215,735, or 31.8 percent, in 2018. Another $4,127 came from other unspecified sources.

University Park Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$281,862	$296,629	$362,524	$362,280	$457,521	62.3%
Pension members	$118,044	$139,671	$113,327	$118,447	$215,735	82.8%
Other Revenue	-$1,191	$8,393	$6,577	$4,189	$4,127	446.5%
Total	$398,715	$444,693	$482,428	$484,916	$677,383	69.9%