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Monday, April 29, 2024

Analysis: Freeport pays $4.42 for every $1 pensioners contribute to Freeport Police Pension Fund

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Taxpayers contributed 80.8 percent of the $1,722,206 the Freeport Police Pension Fund brought in 2018, or $4.42 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, Freeport contributed $1,392,228 to the fund, which saw a $43,067 increase in revenue over 2017. Members contributed $314,723, or 18.3 percent, in 2018. Another $15,255 came from other unspecified sources.

Freeport Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,496,649$1,434,033$1,605,261$1,397,742$1,392,228-7%
Pension members$278,412$274,022$275,215$281,209$314,72313%
Other Revenue$1$0$0$188$15,2551525400%
Total$1,775,062$1,708,055$1,880,476$1,679,139$1,722,206-3%

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