Analysis: Belvidere pays $3.71 for every $1 pensioners contribute to Belvidere Police Pension Fund

By Rockford Sun

Jul 3, 2020

Taxpayers contributed 79.2 percent of the $1,455,659 the Belvidere Police Pension Fund brought in 2018, or $3.71 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, Belvidere contributed $1,152,636 to the fund, which saw a $1,383 increase in revenue over 2017. Members contributed $310,449, or 21.3 percent, in 2018.

Belvidere Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$858,260	$1,011,718	$1,079,608	$1,092,429	$1,152,636	34.3%
Pension members	$279,902	$290,061	$291,901	$356,038	$310,449	10.9%
Other Revenue	-$38,239	$11,733	$8,781	$5,809	-$7,426	80.6%
Total	$1,099,923	$1,313,512	$1,380,290	$1,454,276	$1,455,659	32.3%