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Rockford Sun

Friday, November 22, 2024

Analysis: Rockford pays $4.09 for every $1 pensioners contribute to Rockford Firefighters Pension Fund

Budget 13

Taxpayers contributed 80.4 percent of the $10,673,808 the Rockford Firefighters Pension Fund brought in last year, or $4.09 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, Rockford contributed $8,577,454 to the fund, which saw a $1,385,216 increase in revenue over 2015. Members contributed $2,096,334, or 19.6 percent, in 2016. Another $20 came from other unspecified sources.

Rockford Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$5,123,787$6,566,720$7,218,958$7,345,613$8,577,45467.4%
Pension members$1,873,115$2,004,009$1,953,524$1,942,979$2,096,33411.9%
Other Revenue$166,889$435$8,258$0$20-100%
Total$7,163,791$8,571,164$9,180,740$9,288,592$10,673,80849%

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