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Friday, November 22, 2024

Analysis: Freeport pays $3.16 for every $1 pensioners contribute to Freeport Firefighters Pension Fund

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Taxpayers contributed 76.2 percent of the $1,222,829 the Freeport Firefighters Pension Fund brought in 2018, or $3.16 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 $932,393 to the fund, which saw a $6,164 increase in revenue over 2017. Members contributed $295,035, or 24.1 percent, in 2018.

Freeport Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$782,624$725,710$717,781$934,937$932,39319.1%
Pension members$270,815$277,963$281,865$281,560$295,0358.9%
Other Revenue$1$0$0$168-$4,599-460000%
Total$1,053,440$1,003,673$999,646$1,216,665$1,222,82916.1%

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