Analysis: Cherry Valley pays $3.30 for every $1 pensioners contribute to Cherry Valley FPD Firefighter's Pension Fund

By Rockford Sun

Jul 4, 2020

Taxpayers contributed 76.3 percent of the $518,481 the Cherry Valley FPD Firefighter's Pension Fund brought in 2018, or $3.30 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, Cherry Valley contributed $395,389 to the fund, which saw a $136,228 increase in revenue over 2017. Members contributed $119,630, or 23.1 percent, in 2018. Another $3,462 came from other unspecified sources.

Cherry Valley FPD Firefighter's Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$221,958	$230,314	$234,244	$265,328	$395,389	78.1%
Pension members	$92,491	$109,117	$110,686	$115,015	$119,630	29.3%
Other Revenue	-$10,006	-$736	-$356	$1,910	$3,462	134.6%
Total	$304,443	$338,695	$344,574	$382,253	$518,481	70.3%