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Sunday, April 6, 2025

Analysis: Sterling pays $6.58 for every $1 pensioners contribute to Sterling Firefighters Pension Fund

Budget04

Taxpayers contributed 86.8 percent of the $794,514 the Sterling Firefighters Pension Fund brought in last year, or $6.58 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, Sterling contributed $689,721 to the fund, which saw a $82,811 increase in revenue over 2015. Members contributed $104,793, or 13.2 percent, in 2016.

Sterling Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$455,997$414,393$499,578$610,272$689,72151.3%
Pension members$105,781$103,663$105,119$101,431$104,793-0.9%
Other Revenue$1$0$331$0$0-100%
Total$561,779$518,056$605,028$711,703$794,51441.4%

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