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Will County Gazette

Monday, December 23, 2024

Analysis: New Lenox pays $3.19 for every $1 pensioners contribute to New Lenox Fpd Firefighters Pension Fund

Budget 02

Taxpayers contributed 75.5 percent of the $480,654 the New Lenox Fpd Firefighters Pension Fund brought in last year, or $3.19 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, New Lenox contributed $362,982 to the fund, which saw a $5,749 increase in revenue over 2015. Members contributed $113,779, or 23.7 percent, in 2016. Another $3,893 came from other unspecified sources.

New Lenox Fpd Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$101,372$57,387$368,905$380,609$362,982258.1%
Pension members$60,335$65,173$83,022$94,295$113,77988.6%
Other Revenue$11,313$165,059$48,111$1$3,893-65.6%
Total$173,020$287,619$500,038$474,905$480,654177.8%

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