Analysis: Lockport pays $2.23 for every $1 pensioners contribute to Homer Township FPD Firefighters Pension Fund

By Will County Gazette

Jul 13, 2020

Taxpayers contributed 68.6 percent of the $1,116,026 the Homer Township FPD Firefighters Pension Fund brought in 2018, or $2.23 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 $765,753 to the fund, which saw a $112,842 increase in revenue over 2017. Members contributed $342,590, or 30.7 percent, in 2018. Another $7,683 came from other unspecified sources.

Homer Township FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$490,968	$510,201	$546,303	$655,887	$765,753	56%
Pension members	$327,531	$357,436	$337,477	$346,920	$342,590	4.6%
Other Revenue	-$-1	$1,068	$0	$377	$7,683	768400%
Total	$818,498	$868,705	$883,780	$1,003,184	$1,116,026	36.4%