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Rockford Sun

Friday, November 22, 2024

Analysis: Cherry Valley pays $2.11 for every $1 pensioners contribute to Cherry Valley Fpd Firefighter's Pension Fund

Budget 03

Taxpayers contributed 68 percent of the $344,574 the Cherry Valley Fpd Firefighter's Pension Fund brought in last year, or $2.11 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, Cherry Valley contributed $234,244 to the fund, which saw a $5,879 increase in revenue over 2015. Members contributed $110,686, or 32.1 percent, in 2016.

Cherry Valley Fpd Firefighter's Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$191,975$209,528$221,958$230,314$234,24422%
Pension members$83,440$89,878$92,491$109,117$110,68632.7%
Other Revenue-$-1$3,280-$10,006-$736-$356-35500%
Total$275,414$302,686$304,443$338,695$344,57425.1%

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