Analysis: Urbana pays $2.41 for every $1 pensioners contribute to Urbana Firefighters Pension Fund

By Chambana Sun

Jul 13, 2020

Taxpayers contributed 70.7 percent of the $1,367,346 the Urbana Firefighters Pension Fund brought in 2018, or $2.41 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 $966,758 to the fund, which saw a $8,242 decrease in revenue over 2017. Members contributed $400,438, or 29.3 percent, in 2018. Another $150 came from other unspecified sources.

Urbana Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,361,130	$1,225,474	$1,038,747	$972,623	$966,758	-29%
Pension members	$350,475	$374,389	$402,718	$402,966	$400,438	14.3%
Other Revenue	$0	$2,749	$0	-$-1	$150	-
Total	$1,711,605	$1,602,612	$1,441,465	$1,375,588	$1,367,346	-20.1%