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Tuesday, December 24, 2024

Analysis: Freeport pays $5.83 for every $1 pensioners contribute to Freeport Police Pension Fund

Budget 04

Taxpayers contributed 85.4 percent of the $1,880,476 the Freeport Police Pension Fund brought in last year, or $5.83 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 $1,605,261 to the fund, which saw a $172,421 increase in revenue over 2015. Members contributed $275,215, or 14.6 percent, in 2016.

Freeport Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,175,463$1,339,476$1,496,649$1,434,033$1,605,26136.6%
Pension members$280,373$285,350$278,412$274,022$275,215-1.8%
Other Revenue$189$0$1$0$0-100%
Total$1,456,025$1,624,826$1,775,062$1,708,055$1,880,47629.2%

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