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

By Local Labs News Service

May 22, 2018

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

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$4,494,070	$5,369,950	$5,717,048	$6,252,516	$7,838,429	74.4%
Pension members	$2,003,928	$2,028,926	$2,131,555	$2,130,613	$2,315,398	15.5%
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	$10,153,877	55.9%