Analysis: Salem pays $4.63 for every $1 pensioners contribute to Salem FPD Firefighters Pension Fund

By South Central Reporter

Jul 12, 2020

Taxpayers contributed 82.3 percent of the $123,830 the Salem FPD Firefighters Pension Fund brought in 2018, or $4.63 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, Salem contributed $101,856 to the fund, which saw a $6,492 increase in revenue over 2017. Members contributed $21,974, or 17.7 percent, in 2018.

Salem FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$92,437	$82,915	$92,481	$95,789	$101,856	10.2%
Pension members	$19,105	$19,578	$20,037	$20,539	$21,974	15%
Other Revenue	$0	$0	$0	$1,010	$0	-
Total	$111,542	$102,493	$112,518	$117,338	$123,830	11%