Analysis: Shorewood pays $2.58 for every $1 pensioners contribute to Troy FPD Firefighters Pension Fund

By Will County Gazette

Aug 2, 2020

Taxpayers contributed 71.8 percent of the $350,791 the Troy FPD Firefighters Pension Fund brought in 2018, or $2.58 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 $251,822 to the fund, which saw a $56,685 increase in revenue over 2017. Members contributed $97,447, or 27.8 percent, in 2018. Another $1,522 came from other unspecified sources.

Troy FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$95,030	$242,872	$175,950	$212,902	$251,822	165%
Pension members	$45,029	$67,329	$77,719	$79,967	$97,447	116.4%
Other Revenue	$0	$1,047	$1,380	$1,237	$1,522	-
Total	$140,059	$311,248	$255,049	$294,106	$350,791	150.5%