Analysis: Geneva pays $2.94 for every $1 pensioners contribute to Geneva Firefighters Pension Fund

By Kane County Reporter

Jul 13, 2020

Taxpayers contributed 74.2 percent of the $698,396 the Geneva Firefighters Pension Fund brought in 2018, or $2.94 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 $518,475 to the fund, which saw a $78,838 increase in revenue over 2017. Members contributed $176,328, or 25.2 percent, in 2018. Another $3,593 came from other unspecified sources.

Geneva Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$255,435	$345,865	$355,690	$434,791	$518,475	103%
Pension members	$178,159	$179,157	$188,272	$182,331	$176,328	-1%
Other Revenue	$5,717	$3,022	$2,806	$2,436	$3,593	-37.2%
Total	$439,311	$528,044	$546,768	$619,558	$698,396	59%