Analysis: St. Charles pays $2.45 for every $1 pensioners contribute to St Charles Firefighters Pension Fund

By Local Labs News Service

Jun 9, 2018

Taxpayers contributed 71 percent of the $1,636,283 the St Charles Firefighters Pension Fund brought in last year, or $2.45 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, St. Charles contributed $1,162,413 to the fund, which saw a $36,759 decrease in revenue over 2015. Members contributed $473,869, or 29 percent, in 2016. Another $1 came from other unspecified sources.

St Charles Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,089,212	$986,731	$998,068	$1,229,574	$1,162,413	6.7%
Pension members	$406,359	$463,061	$470,592	$443,418	$473,869	16.6%
Other Revenue	$4,755	$0	$100	$50	$1	-100%
Total	$1,500,326	$1,449,792	$1,468,760	$1,673,042	$1,636,283	9.1%