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Friday, November 22, 2024

Analysis: Fairfield pays $5.26 for every $1 pensioners contribute to Fairfield Firefighters Pension Fund

Budget007

Taxpayers contributed 84 percent of the $133,836 the Fairfield Firefighters Pension Fund brought in last year, or $5.26 for every $1 from pension members, according to a SE Illinois News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Fairfield contributed $112,464 to the fund, which saw a $10,421 increase in revenue over 2015. Members contributed $21,369, or 16 percent, in 2016. Another $3 came from other unspecified sources.

Fairfield Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$38,532$70,834$91,213$102,281$112,464191.9%
Pension members$19,566$19,970$21,275$21,133$21,3699.2%
Other Revenue$5$13$1$1$3-40%
Total$58,103$90,817$112,489$123,415$133,836130.3%

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