Analysis: Lombard pays $4.59 for every $1 pensioners contribute to Lombard Firefighters Pension Fund
Taxpayers contributed 81.9 percent of the $3,498,328 the Lombard Firefighters Pension Fund brought in 2018, or $4.59 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, Lombard contributed $2,863,927 to the fund, which saw a $684,566 increase in revenue over 2017. Members contributed $623,352, or 17.8 percent, in 2018. Another $11,049 came from other unspecified sources.
Lombard Firefighters Pension Fund revenue over 5 years
| 2014 | 2015 | 2016 | 2017 | 2018 | Change 2014-2018 | |
|---|---|---|---|---|---|---|
| Municipality | $1,935,683 | $2,008,243 | $2,034,905 | $2,237,228 | $2,863,927 | 48% |
| Pension members | $543,163 | $564,175 | $583,560 | $658,618 | $623,352 | 14.8% |
| Other Revenue | -$11,080 | -$172,303 | $103,303 | -$82,084 | $11,049 | 199.7% |
| Total | $2,467,766 | $2,400,115 | $2,721,768 | $2,813,762 | $3,498,328 | 41.8% |