Analysis: Addison pays $6.70 for every $1 pensioners contribute to Addison Firefighters Pension Fund
Taxpayers contributed 87.3 percent of the $3,671,517 the Addison Firefighters Pension Fund brought in 2018, or $6.70 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 $3,205,056 to the fund, which saw a $626,628 increase in revenue over 2017. Members contributed $478,082, or 13 percent, in 2018.
Addison Firefighters Pension Fund revenue over 5 years
| 2014 | 2015 | 2016 | 2017 | 2018 | Change 2014-2018 | |
|---|---|---|---|---|---|---|
| Municipality | $1,501,848 | $1,681,984 | $1,971,893 | $2,592,620 | $3,205,056 | 113.4% |
| Pension members | $425,134 | $435,154 | $452,947 | $458,538 | $478,082 | 12.5% |
| Other Revenue | -$59,192 | -$54,617 | -$203,555 | -$6,269 | -$11,621 | 80.4% |
| Total | $1,867,790 | $2,062,521 | $2,221,285 | $3,044,889 | $3,671,517 | 96.6% |