Analysis: Lockport pays $1.61 for every $1 pensioners contribute to Homer Township Fpd Firefighters Pension Fund

By Local Labs News Service

May 21, 2018

Taxpayers contributed 61.8 percent of the $883,780 the Homer Township Fpd Firefighters Pension Fund brought in last year, or $1.61 for every $1 from pension members, according to a Will County Gazette analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Lockport contributed $546,303 to the fund, which saw a $15,075 increase in revenue over 2015. Members contributed $337,477, or 38.2 percent, in 2016.

Homer Township Fpd Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$423,010	$352,072	$490,968	$510,201	$546,303	29.1%
Pension members	$312,199	$324,820	$327,531	$357,436	$337,477	8.1%
Other Revenue	$2,063	$4,559	-$-1	$1,068	$0	-100%
Total	$737,272	$681,451	$818,498	$868,705	$883,780	19.9%