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Rockford Sun

Saturday, April 20, 2024

Analysis: Rockford pays $3.38 for every $1 pensioners contribute to Rockford Police Pension Fund

Budget 08

Taxpayers contributed 77.2 percent of the $10,153,877 the Rockford Police Pension Fund brought in last year, or $3.38 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 $7,838,429 to the fund, which saw a $1,761,062 increase in revenue over 2015. Members contributed $2,315,398, or 22.8 percent, in 2016. Another $50 came from other unspecified sources.

Rockford Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$4,494,070$5,369,950$5,717,048$6,252,516$7,838,42974.4%
Pension members$2,003,928$2,028,926$2,131,555$2,130,613$2,315,39815.5%
Other Revenue$16,954$2,232$2,226$9,686$50-99.7%
Total$6,514,952$7,401,108$7,850,829$8,392,815$10,153,87755.9%

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