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

By Local Labs News Service

Jun 10, 2018

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

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$71,243	$73,121	$95,030	$242,872	$175,950	147%
Pension members	$37,423	$37,335	$45,029	$67,329	$77,719	107.7%
Other Revenue	-$-1	$0	$0	$1,047	$1,380	138100%
Total	$108,665	$110,456	$140,059	$311,248	$255,049	134.7%