Analysis: Springfield pays $5.76 for every $1 pensioners contribute to Springfield Firefighter's Pension Fund

By Local Labs News Service

May 20, 2018

Taxpayers contributed 85.1 percent of the $11,506,735 the Springfield Firefighter's Pension Fund brought in last year, or $5.76 for every $1 from pension members, according to a Sangamon Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Springfield contributed $9,786,645 to the fund, which saw a $189,446 decrease in revenue over 2015. Members contributed $1,696,300, or 14.7 percent, in 2016. Another $23,790 came from other unspecified sources.

Springfield Firefighter's Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$9,231,395	$9,706,265	$9,599,575	$9,973,179	$9,786,645	6%
Pension members	$1,526,669	$1,654,792	$1,628,970	$1,704,162	$1,696,300	11.1%
Other Revenue	$34,402	$28,552	$9,047	$18,840	$23,790	-30.8%
Total	$10,792,466	$11,389,609	$11,237,592	$11,696,181	$11,506,735	6.6%