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Chambana Sun

Friday, April 26, 2024

Analysis: Urbana pays $2.57 for every $1 pensioners contribute to Urbana Firefighters Pension Fund

Budget 11

Taxpayers contributed 72.1 percent of the $1,441,465 the Urbana Firefighters Pension Fund brought in last year, or $2.57 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, Urbana contributed $1,038,747 to the fund, which saw a $161,147 decrease in revenue over 2015. Members contributed $402,718, or 27.9 percent, in 2016.

Urbana Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,403,307$1,482,369$1,361,130$1,225,474$1,038,747-26%
Pension members$330,550$363,393$350,475$374,389$402,71821.8%
Other Revenue$5,604$0$0$2,749$0-100%
Total$1,739,461$1,845,762$1,711,605$1,602,612$1,441,465-17.1%

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