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Friday, November 22, 2024

Analysis: Savanna pays $10.20 for every $1 pensioners contribute to Savanna Firefighters Pension Fund

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Taxpayers contributed 91.1 percent of the $112,412 the Savanna Firefighters Pension Fund brought in 2018, or $10.20 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, Savanna contributed $102,380 to the fund, which saw a $3,842 increase in revenue over 2017. Members contributed $10,031, or 8.9 percent, in 2018. Another $1 came from other unspecified sources.

Savanna Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$77,616$86,788$96,690$98,857$102,38031.9%
Pension members$8,965$9,213$9,451$9,714$10,03111.9%
Other Revenue$0$1$0-$-1$1-
Total$86,581$96,002$106,141$108,570$112,41229.8%

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