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South Central Reporter

Friday, November 1, 2024

Analysis: Hillsboro pays $5.63 for every $1 pensioners contribute to Hillsboro Firefighter's Pension Fund

Budget 02

Taxpayers contributed 84.9 percent of the $135,986 the Hillsboro Firefighter's Pension Fund brought in last year, or $5.63 for every $1 from pension members, according to a South Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Hillsboro contributed $115,481 to the fund, which saw a $19,134 increase in revenue over 2015. Members contributed $20,505, or 15.1 percent, in 2016.

Hillsboro Firefighter's Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$54,827$57,200$70,788$98,821$115,481110.6%
Pension members$18,108$17,496$18,259$18,031$20,50513.2%
Other Revenue$0$0$0$0$0-
Total$72,935$74,696$89,047$116,852$135,98686.4%

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