Analysis: Litchfield pays $4.27 for every $1 pensioners contribute to Litchfield Firefighters Pension Fund

By South Central Reporter

Jul 9, 2020

Taxpayers contributed 77.9 percent of the $429,389 the Litchfield Firefighters Pension Fund brought in 2018, or $4.27 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 $334,374 to the fund, which saw a $69,345 increase in revenue over 2017. Members contributed $78,163, or 18.2 percent, in 2018. Another $16,852 came from other unspecified sources.

Litchfield Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$407,665	$316,244	$308,235	$254,032	$334,374	-18%
Pension members	$71,366	$74,354	$79,054	$81,287	$78,163	9.5%
Other Revenue	$0	$0	$27,090	$24,725	$16,852	-
Total	$479,031	$390,598	$414,379	$360,044	$429,389	-10.4%