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Friday, November 22, 2024

Analysis: Fairfield pays $5.82 for every $1 pensioners contribute to Fairfield Firefighters Pension Fund

Budget 05

Taxpayers contributed 85.3 percent of the $152,571 the Fairfield Firefighters Pension Fund brought in 2018, or $5.82 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 $130,202 to the fund, which saw a $1,272 decrease in revenue over 2017. Members contributed $22,369, or 14.7 percent, in 2018.

Fairfield Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$91,213$102,281$112,464$132,329$130,20242.7%
Pension members$21,275$21,133$21,369$21,514$22,3695.1%
Other Revenue$1$1$3$0$0-100%
Total$112,489$123,415$133,836$153,843$152,57135.6%

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