Analysis: Freeport pays $2.54 for every $1 pensioners contribute to Freeport Firefighters Pension Fund

By Local Labs News Service

May 19, 2018

Taxpayers contributed 71.8 percent of the $999,646 the Freeport Firefighters Pension Fund brought in last year, or $2.54 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, Freeport contributed $717,781 to the fund, which saw a $4,027 decrease in revenue over 2015. Members contributed $281,865, or 28.2 percent, in 2016.

Freeport Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,211,245	$1,095,584	$782,624	$725,710	$717,781	-40.7%
Pension members	$267,572	$268,984	$270,815	$277,963	$281,865	5.3%
Other Revenue	$548	$136	$1	$0	$0	-100%
Total	$1,479,365	$1,364,704	$1,053,440	$1,003,673	$999,646	-32.4%