Analysis: South Beloit pays $4.03 for every $1 pensioners contribute to South Beloit Police Pension Fund

By Rockford Sun

Jul 13, 2020

Taxpayers contributed 80.1 percent of the $380,039 the South Beloit Police Pension Fund brought in 2018, or $4.03 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 $304,520 to the fund, which saw a $15,743 decrease in revenue over 2017. Members contributed $75,519, or 19.9 percent, in 2018.

South Beloit Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$211,753	$217,947	$264,810	$306,792	$304,520	43.8%
Pension members	$44,973	$91,403	$95,587	$88,990	$75,519	67.9%
Other Revenue	$0	$0	-$-1	$0	$0	-
Total	$256,726	$309,350	$360,396	$395,782	$380,039	48%