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NW Illinois News

Tuesday, December 24, 2024

Analysis: Rochelle pays $3.91 for every $1 pensioners contribute to Rochelle Police Pension Fund

Budget06

Taxpayers contributed 79.6 percent of the $698,875 the Rochelle Police Pension Fund brought in 2018, or $3.91 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 $556,593 to the fund, which saw a $60,685 increase in revenue over 2017. Members contributed $142,282, or 20.4 percent, in 2018.

Rochelle Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$177,283$276,905$388,135$497,804$556,593214%
Pension members$136,383$138,909$90,544$140,386$142,2824.3%
Other Revenue$0$0$0$0$0-
Total$313,666$415,814$478,679$638,190$698,875122.8%

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