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Kane County Reporter

Monday, December 23, 2024

Analysis: Geneva pays $1.88 for every $1 pensioners contribute to Geneva Firefighters Pension Fund

Budget 02

Taxpayers contributed 65.1 percent of the $546,768 the Geneva Firefighters Pension Fund brought in last year, or $1.88 for every $1 from pension members, according to a Kane County Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Geneva contributed $355,690 to the fund, which saw a $18,724 increase in revenue over 2015. Members contributed $188,272, or 34.4 percent, in 2016. Another $2,806 came from other unspecified sources.

Geneva Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$250,350$270,900$255,435$345,865$355,69042.1%
Pension members$160,752$166,825$178,159$179,157$188,27217.1%
Other Revenue$61-$168$5,717$3,022$2,8064500%
Total$411,163$437,557$439,311$528,044$546,76833%

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