Analysis: Lockport pays $4.10 for every $1 pensioners contribute to Northwest Homer FPD Firefighters Pension Fund

By Will County Gazette

Jul 25, 2020

Taxpayers contributed 80.4 percent of the $389,140 the Northwest Homer FPD Firefighters Pension Fund brought in 2018, or $4.10 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, Lockport contributed $312,906 to the fund, which saw a $113,627 increase in revenue over 2017. Members contributed $76,235, or 19.6 percent, in 2018.

Northwest Homer FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$173,318	$158,763	$186,058	$201,545	$312,906	80.5%
Pension members	$66,432	$69,832	$75,319	$73,968	$76,235	14.8%
Other Revenue	$1	$0	$0	$0	-$-1	-200%
Total	$239,751	$228,595	$261,377	$275,513	$389,140	62.3%