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Dupage Policy Journal

Monday, November 25, 2024

Analysis: Addison pays $6.70 for every $1 pensioners contribute to Addison Firefighters Pension Fund

Budget 01

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
20142015201620172018Change 2014-2018
Municipality$1,501,848$1,681,984$1,971,893$2,592,620$3,205,056113.4%
Pension members$425,134$435,154$452,947$458,538$478,08212.5%
Other Revenue-$59,192-$54,617-$203,555-$6,269-$11,62180.4%
Total$1,867,790$2,062,521$2,221,285$3,044,889$3,671,51796.6%

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