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Tuesday, December 24, 2024

Analysis: Rochelle pays $4.55 for every $1 pensioners contribute to Rochelle Firefighters Pension Fund

Budget06

Taxpayers contributed 82 percent of the $565,845 the Rochelle Firefighters Pension Fund brought in 2018, or $4.55 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 $463,931 to the fund, which saw a $24,057 increase in revenue over 2017. Members contributed $101,913, or 18 percent, in 2018. Another $1 came from other unspecified sources.

Rochelle Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$103,048$278,524$345,372$443,122$463,931350.2%
Pension members$84,116$91,671$62,958$98,666$101,91321.2%
Other Revenue$0$0$0$0$1-
Total$187,164$370,195$408,330$541,788$565,845202.3%

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