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Will County Gazette

Friday, November 22, 2024

Analysis: Joliet pays $5.68 for every $1 pensioners contribute to Joliet Firefighters Pension Fund

Budget 09

Taxpayers contributed 85 percent of the $14,516,079 the Joliet Firefighters Pension Fund brought in last year, or $5.68 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, Joliet contributed $12,332,156 to the fund, which saw a $277,873 increase in revenue over 2015. Members contributed $2,170,300, or 15 percent, in 2016. Another $13,623 came from other unspecified sources.

Joliet Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$10,450,183$11,728,540$12,098,686$12,021,687$12,332,15618%
Pension members$2,056,350$2,072,791$2,067,693$2,215,794$2,170,3005.5%
Other Revenue$0$0$0$725$13,623-
Total$12,506,533$13,801,331$14,166,379$14,238,206$14,516,07916.1%

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