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Saturday, November 23, 2024

Analysis: Byron pays $2.05 for every $1 pensioners contribute to Byron Fpd Firefighters Pension Fund

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Taxpayers contributed 67.2 percent of the $255,854 the Byron Fpd Firefighters Pension Fund brought in last year, or $2.05 for every $1 from pension members, according to a NW Illinois News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Byron contributed $171,974 to the fund, which saw a $21,288 increase in revenue over 2015. Members contributed $83,881, or 32.8 percent, in 2016.

Byron Fpd Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$171,379$179,843$179,992$160,010$171,9740.3%
Pension members$72,228$73,175$74,108$74,556$83,88116.1%
Other Revenue$1$0$0$0-$-1-200%
Total$243,608$253,018$254,100$234,566$255,8545%

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