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Dupage Policy Journal

Sunday, December 22, 2024

Analysis: Lombard pays $3.48 for every $1 pensioners contribute to Lombard Firefighters Pension Fund

Budget 02

Taxpayers contributed 74.8 percent of the $2,721,768 the Lombard Firefighters Pension Fund brought in last year, or $3.48 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 $2,034,905 to the fund, which saw a $321,653 increase in revenue over 2015. Members contributed $583,560, or 21.4 percent, in 2016. Another $103,303 came from other unspecified sources.

Lombard Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,511,391$1,753,972$1,935,683$2,008,243$2,034,90534.6%
Pension members$283,971$505,813$543,163$564,175$583,560105.5%
Other Revenue-$24,496$189,008-$11,080-$172,303$103,303521.7%
Total$1,770,866$2,448,793$2,467,766$2,400,115$2,721,76853.7%

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