Analysis: Springfield pays $6.59 for every $1 pensioners contribute to Springfield Firefighter's Pension Fund

By Sangamon Sun

Jul 7, 2020

Taxpayers contributed 86.8 percent of the $12,885,170 the Springfield Firefighter's Pension Fund brought in 2018, or $6.59 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 $11,184,141 to the fund, which saw a $770,047 increase in revenue over 2017. Members contributed $1,696,447, or 13.2 percent, in 2018. Another $4,582 came from other unspecified sources.

Springfield Firefighter's Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$9,599,575	$9,973,179	$9,786,645	$10,395,154	$11,184,141	16.5%
Pension members	$1,628,970	$1,704,162	$1,696,300	$1,718,845	$1,696,447	4.1%
Other Revenue	$9,047	$18,840	$23,790	$1,124	$4,582	-49.4%
Total	$11,237,592	$11,696,181	$11,506,735	$12,115,123	$12,885,170	14.7%