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Chambana Sun

Friday, November 22, 2024

Analysis: Champaign pays $4.52 for every $1 pensioners contribute to Champaign Firefighters Pension Fund

Budget06

Taxpayers contributed 81.9 percent of the $4,108,589 the Champaign Firefighters Pension Fund brought in last year, or $4.52 for every $1 from pension members, according to a Chambana Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Champaign contributed $3,364,504 to the fund, which saw a $50,529 increase in revenue over 2015. Members contributed $744,085, or 18.1 percent, in 2016.

Champaign Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$3,821,175$3,752,286$3,842,882$3,362,615$3,364,504-12%
Pension members$672,998$677,019$696,369$694,767$744,08510.6%
Other Revenue$7,561$38,765$305$678$0-100%
Total$4,501,734$4,468,070$4,539,556$4,058,060$4,108,589-8.7%

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