Analysis: St. Charles pays $3.66 for every $1 pensioners contribute to St. Charles Firefighters Pension Fund

By Kane County Reporter

Jul 24, 2020

Taxpayers contributed 78.6 percent of the $2,226,655 the St. Charles Firefighters Pension Fund brought in 2018, or $3.66 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 $1,749,113 to the fund, which saw a $447,228 increase in revenue over 2017. Members contributed $477,541, or 21.4 percent, in 2018. Another $1 came from other unspecified sources.

St. Charles Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$998,068	$1,229,574	$1,162,413	$1,318,803	$1,749,113	75.2%
Pension members	$470,592	$443,418	$473,869	$460,573	$477,541	1.5%
Other Revenue	$100	$50	$1	$51	$1	-99%
Total	$1,468,760	$1,673,042	$1,636,283	$1,779,427	$2,226,655	51.6%