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West Central Reporter

Friday, November 22, 2024

Analysis: Jacksonville pays $4.58 for every $1 pensioners contribute to Jacksonville Firefighters Pension Fund

Budget01

Taxpayers contributed 82.1 percent of the $895,655 the Jacksonville Firefighters Pension Fund brought in last year, or $4.58 for every $1 from pension members, according to a West Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Jacksonville contributed $734,886 to the fund, which saw a $73,147 increase in revenue over 2015. Members contributed $160,349, or 17.9 percent, in 2016. Another $420 came from other unspecified sources.

Jacksonville Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$686,548$669,484$675,602$670,821$734,8867%
Pension members$143,919$149,162$150,554$151,687$160,34911.4%
Other Revenue-$-1$0$0$0$42042100%
Total$830,466$818,646$826,156$822,508$895,6557.8%

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