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Illinois Valley Times

Monday, November 25, 2024

Analysis: Ottawa pays $5.51 for every $1 pensioners contribute to Ottawa Firefighters Pension Fund

Budget 01

Taxpayers contributed 84.6 percent of the $1,145,544 the Ottawa Firefighters Pension Fund brought in last year, or $5.51 for every $1 from pension members, according to a Illinois Valley Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Ottawa contributed $969,642 to the fund, which saw a $17,120 decrease in revenue over 2015. Members contributed $175,902, or 15.4 percent, in 2016.

Ottawa Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$902,694$863,309$907,117$989,970$969,6427.4%
Pension members$152,413$147,038$156,986$172,695$175,90215.4%
Other Revenue-$-1$0$0-$-1$0100%
Total$1,055,106$1,010,347$1,064,103$1,162,664$1,145,5448.6%

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