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Saturday, November 23, 2024

Analysis: Rock Falls pays $3.53 for every $1 pensioners contribute to Rock Falls Firefighters Pension Fund

Budget 09

Taxpayers contributed 77.8 percent of the $344,916 the Rock Falls Firefighters Pension Fund brought in 2018, or $3.53 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 $268,245 to the fund, which saw a $5,064 decrease in revenue over 2017. Members contributed $75,968, or 22 percent, in 2018. Another $703 came from other unspecified sources.

Rock Falls Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$92,017$114,533$140,050$280,059$268,245191.5%
Pension members$67,558$71,025$70,592$71,527$75,96812.4%
Other Revenue-$247-$1,032-$2,575-$1,606$703384.6%
Total$159,328$184,526$208,067$349,980$344,916116.5%

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