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Will County Gazette

Friday, April 26, 2024

Analysis: Shorewood pays $2.26 for every $1 pensioners contribute to Troy Fpd Firefighters Pension Fund

Budget04

Taxpayers contributed 69 percent of the $255,049 the Troy Fpd Firefighters Pension Fund brought in last year, or $2.26 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, Shorewood contributed $175,950 to the fund, which saw a $56,199 decrease in revenue over 2015. Members contributed $77,719, or 30.5 percent, in 2016. Another $1,380 came from other unspecified sources.

Troy Fpd Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$71,243$73,121$95,030$242,872$175,950147%
Pension members$37,423$37,335$45,029$67,329$77,719107.7%
Other Revenue-$-1$0$0$1,047$1,380138100%
Total$108,665$110,456$140,059$311,248$255,049134.7%

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