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Rockford Sun

Monday, December 23, 2024

Analysis: South Beloit pays $2.77 for every $1 pensioners contribute to South Beloit Police Pension Fund

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Taxpayers contributed 73.5 percent of the $360,396 the South Beloit Police Pension Fund brought in last year, or $2.77 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 $264,810 to the fund, which saw a $51,046 increase in revenue over 2015. Members contributed $95,587, or 26.5 percent, in 2016.

South Beloit Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$124,186$131,459$211,753$217,947$264,810113.2%
Pension members$80,020$95,875$44,973$91,403$95,58719.5%
Other Revenue$0$0$0$0-$-1-
Total$204,206$227,334$256,726$309,350$360,39676.5%

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