Analysis: Lombard pays $4.59 for every $1 pensioners contribute to Lombard Firefighters Pension Fund

By DuPage Policy Journal

Jul 29, 2020

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%