Analysis: Belvidere pays $3.69 for every $1 pensioners contribute to Belvidere Police Pension Fund

By Local Labs News Service

May 16, 2018

Taxpayers contributed 78.2 percent of the $1,380,290 the Belvidere Police Pension Fund brought in last year, or $3.69 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 $1,079,608 to the fund, which saw a $66,778 increase in revenue over 2015. Members contributed $291,901, or 21.1 percent, in 2016. Another $8,781 came from other unspecified sources.

Belvidere Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$885,875	$830,789	$858,260	$1,011,718	$1,079,608	21.9%
Pension members	$255,558	$308,038	$279,902	$290,061	$291,901	14.2%
Other Revenue	-$94	$5,406	-$38,239	$11,733	$8,781	9441.5%
Total	$1,141,339	$1,144,233	$1,099,923	$1,313,512	$1,380,290	20.9%