Analysis: Joliet pays $5.71 for every $1 pensioners contribute to Joliet Firefighters Pension Fund

By Will County Gazette

Jul 14, 2020

Taxpayers contributed 85.1 percent of the $14,822,246 the Joliet Firefighters Pension Fund brought in 2018, or $5.71 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, Joliet contributed $12,616,328 to the fund, which saw a $322,025 increase in revenue over 2017. Members contributed $2,205,919, or 14.9 percent, in 2018.

Joliet Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$12,098,686	$12,021,687	$12,332,156	$12,413,523	$12,616,328	4.3%
Pension members	$2,067,693	$2,215,794	$2,170,300	$2,085,635	$2,205,919	6.7%
Other Revenue	$0	$725	$13,623	$1,063	-$-1	-
Total	$14,166,379	$14,238,206	$14,516,079	$14,500,221	$14,822,246	4.6%