Analysis: Frankfort pays $2.12 for every $1 pensioners contribute to Frankfort FPD Firefighters Pension Fund

By Will County Gazette

Jul 11, 2020

Taxpayers contributed 68 percent of the $1,708,176 the Frankfort FPD Firefighters Pension Fund brought in 2018, or $2.12 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, Frankfort contributed $1,161,287 to the fund, which saw a $252,522 increase in revenue over 2017. Members contributed $546,878, or 32 percent, in 2018. Another $11 came from other unspecified sources.

Frankfort FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$697,967	$781,945	$929,501	$940,392	$1,161,287	66.4%
Pension members	$466,270	$517,189	$502,083	$515,212	$546,878	17.3%
Other Revenue	$100	$25	$12,891	$50	$11	-89%
Total	$1,164,337	$1,299,159	$1,444,475	$1,455,654	$1,708,176	46.7%