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Saturday, November 23, 2024

Analysis: Rochelle pays $5.48 for every $1 pensioners contribute to Rochelle Firefighters Pension Fund

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Taxpayers contributed 84.6 percent of the $408,330 the Rochelle Firefighters Pension Fund brought in last year, or $5.48 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, Rochelle contributed $345,372 to the fund, which saw a $38,135 increase in revenue over 2015. Members contributed $62,958, or 15.4 percent, in 2016.

Rochelle Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$91,222$151,275$103,048$278,524$345,372278.6%
Pension members$83,274$75,744$84,116$91,671$62,958-24.4%
Other Revenue$0$0$0$0$0-
Total$174,496$227,019$187,164$370,195$408,330134%

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