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South Central Reporter

Saturday, May 18, 2024

Analysis: Litchfield pays $3.89 for every $1 pensioners contribute to Litchfield Firefighters Pension Fund

Budget 02

Taxpayers contributed 74.4 percent of the $414,379 the Litchfield Firefighters Pension Fund brought in last year, or $3.89 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, Litchfield contributed $308,235 to the fund, which saw a $23,781 increase in revenue over 2015. Members contributed $79,054, or 19.1 percent, in 2016. Another $27,090 came from other unspecified sources.

Litchfield Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$239,402$230,020$407,665$316,244$308,23528.8%
Pension members$64,360$70,347$71,366$74,354$79,05422.8%
Other Revenue-$-1$0$0$0$27,0902709100%
Total$303,761$300,367$479,031$390,598$414,37936.4%

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