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Rockford Sun

Monday, December 23, 2024

Analysis: Belvidere pays $4.47 for every $1 pensioners contribute to Belvidere Firefighters Pension Fund

Budget 09

Taxpayers contributed 80.5 percent of the $972,777 the Belvidere Firefighters Pension Fund brought in last year, or $4.47 for every $1 from pension members, according to a Rockford Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Belvidere contributed $783,447 to the fund, which saw a $13,729 increase in revenue over 2015. Members contributed $175,173, or 18 percent, in 2016. Another $14,157 came from other unspecified sources.

Belvidere Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$882,299$835,979$628,800$786,258$783,447-11.2%
Pension members$164,180$185,842$180,173$173,797$175,1736.7%
Other Revenue-$-1$1-$1,522-$1,007$14,1571415800%
Total$1,046,478$1,021,822$807,451$959,048$972,777-7%

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