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Tuesday, December 24, 2024

Analysis: Dixon pays $3.62 for every $1 pensioners contribute to Dixon Firefighters Pension Fund

Budget007

Taxpayers contributed 79.1 percent of the $582,586 the Dixon Firefighters Pension Fund brought in last year, or $3.62 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, Dixon contributed $460,600 to the fund, which saw a $64,607 increase in revenue over 2015. Members contributed $127,140, or 21.8 percent, in 2016.

Dixon Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$412,850$377,308$392,039$406,847$460,60011.6%
Pension members$99,326$108,376$104,270$110,433$127,14028%
Other Revenue$0$115,095$48,946$699-$5,154-
Total$512,176$600,779$545,255$517,979$582,58613.7%

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