Analysis: Plainfield pays $2.53 for every $1 pensioners contribute to Plainfield FPD Firefighters Pension Fund

By Will County Gazette

Jul 28, 2020

Taxpayers contributed 71.3 percent of the $1,949,451 the Plainfield FPD Firefighters Pension Fund brought in 2018, or $2.53 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, Plainfield contributed $1,390,125 to the fund, which saw a $107,227 increase in revenue over 2017. Members contributed $548,325, or 28.1 percent, in 2018. Another $11,001 came from other unspecified sources.

Plainfield FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,225,780	$848,141	$850,474	$1,306,483	$1,390,125	13.4%
Pension members	$270,805	$449,842	$504,133	$525,985	$548,325	102.5%
Other Revenue	$0	$45,942	$6,730	$9,756	$11,001	-
Total	$1,496,585	$1,343,925	$1,361,337	$1,842,224	$1,949,451	30.3%