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Saturday, November 23, 2024

Analysis: Rock Falls pays $1.98 for every $1 pensioners contribute to Rock Falls Firefighters Pension Fund

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Taxpayers contributed 67.3 percent of the $208,067 the Rock Falls Firefighters Pension Fund brought in last year, or $1.98 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, Rock Falls contributed $140,050 to the fund, which saw a $23,541 increase in revenue over 2015. Members contributed $70,592, or 33.9 percent, in 2016.

Rock Falls Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$88,695$44,182$92,017$114,533$140,05057.9%
Pension members$65,780$67,910$67,558$71,025$70,5927.3%
Other Revenue$0$975-$247-$1,032-$2,575-
Total$154,475$113,067$159,328$184,526$208,06734.7%

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