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Illinois Valley Times

Friday, November 22, 2024

Analysis: Princeton pays $3.18 for every $1 pensioners contribute to Princeton Firefighters Pension Fund

Budget 07

Taxpayers contributed 76.1 percent of the $351,444 the Princeton Firefighters Pension Fund brought in last year, or $3.18 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, Princeton contributed $267,488 to the fund, which saw a $14,822 increase in revenue over 2015. Members contributed $83,955, or 23.9 percent, in 2016. Another $1 came from other unspecified sources.

Princeton Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$213,982$200,194$235,097$261,348$267,48825%
Pension members$62,739$65,130$68,586$75,274$83,95533.8%
Other Revenue$0-$-1$0$0$1-
Total$276,721$265,323$303,683$336,622$351,44427%

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