Analysis: South Beloit pays $3.75 for every $1 pensioners contribute to South Beloit Firefighter's Pension Fund

By Local Labs News Service

May 25, 2018

Taxpayers contributed 79 percent of the $116,737 the South Beloit Firefighter's Pension Fund brought in last year, or $3.75 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, South Beloit contributed $92,200 to the fund, which saw a $407 increase in revenue over 2015. Members contributed $24,538, or 21 percent, in 2016.

South Beloit Firefighter's Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$62,132	$63,688	$79,960	$92,759	$92,200	48.4%
Pension members	$17,565	$20,482	$11,256	$23,570	$24,538	39.7%
Other Revenue	-$-1	$0	-$15	$1	-$-1	0%
Total	$79,696	$84,170	$91,201	$116,330	$116,737	46.5%