Analysis: Hillsboro pays $5.56 for every $1 pensioners contribute to Hillsboro Firefighter's Pension Fund

By South Central Reporter

Jul 7, 2020

Taxpayers contributed 84.8 percent of the $132,255 the Hillsboro Firefighter's Pension Fund brought in 2018, or $5.56 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 $112,116 to the fund, which saw a $5,499 increase in revenue over 2017. Members contributed $20,139, or 15.2 percent, in 2018.

Hillsboro Firefighter's Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$70,788	$98,821	$115,481	$107,316	$112,116	58.4%
Pension members	$18,259	$18,031	$20,505	$19,440	$20,139	10.3%
Other Revenue	$0	$0	$0	$0	$0	-
Total	$89,047	$116,852	$135,986	$126,756	$132,255	48.5%