Analysis: Addison pays $4.35 for every $1 pensioners contribute to Addison Firefighters Pension Fund
Taxpayers contributed 88.8 percent of the $2,221,285 the Addison Firefighters Pension Fund brought in last year, or $4.35 for every $1 from pension members, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
In all, Addison contributed $1,971,893 to the fund, which saw a $158,764 increase in revenue over 2015. Members contributed $452,947, or 20.4 percent, in 2016.
Addison Firefighters Pension Fund revenue over 5 years
| 2012 | 2013 | 2014 | 2015 | 2016 | Change 2012-2016 | |
|---|---|---|---|---|---|---|
| Municipality | $1,372,031 | $1,335,824 | $1,501,848 | $1,681,984 | $1,971,893 | 43.7% |
| Pension members | $440,292 | $414,006 | $425,134 | $435,154 | $452,947 | 2.9% |
| Other Revenue | -$60,225 | -$14,804 | -$59,192 | -$54,617 | -$203,555 | -238% |
| Total | $1,752,098 | $1,735,026 | $1,867,790 | $2,062,521 | $2,221,285 | 26.8% |