Analysis: Belvidere pays $5.39 for every $1 pensioners contribute to Belvidere Firefighters Pension Fund

By Rockford Sun

Jul 2, 2020

Taxpayers contributed 84 percent of the $1,233,287 the Belvidere Firefighters Pension Fund brought in 2018, or $5.39 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 $1,035,510 to the fund, which saw a $192,788 increase in revenue over 2017. Members contributed $191,818, or 15.6 percent, in 2018. Another $5,959 came from other unspecified sources.

Belvidere Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$628,800	$786,258	$783,447	$864,148	$1,035,510	64.7%
Pension members	$180,173	$173,797	$175,173	$178,195	$191,818	6.5%
Other Revenue	-$1,522	-$1,007	$14,157	-$1,844	$5,959	491.5%
Total	$807,451	$959,048	$972,777	$1,040,499	$1,233,287	52.7%