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Rockford Sun

Saturday, February 22, 2025

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

Budget06

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
20122013201420152016Change 2012-2016
Municipality$62,132$63,688$79,960$92,759$92,20048.4%
Pension members$17,565$20,482$11,256$23,570$24,53839.7%
Other Revenue-$-1$0-$15$1-$-10%
Total$79,696$84,170$91,201$116,330$116,73746.5%

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