Analysis: Princeton pays $3.31 for every $1 pensioners contribute to Princeton Firefighters Pension Fund

By Illinois Valley Times

Jul 18, 2020

Taxpayers contributed 76.8 percent of the $394,198 the Princeton Firefighters Pension Fund brought in 2018, or $3.31 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 $302,812 to the fund, which saw a $20,630 increase in revenue over 2017. Members contributed $91,386, or 23.2 percent, in 2018.

Princeton Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$235,097	$261,348	$267,488	$276,314	$302,812	28.8%
Pension members	$68,586	$75,274	$83,955	$97,254	$91,386	33.2%
Other Revenue	$0	$0	$1	$0	$0	-
Total	$303,683	$336,622	$351,444	$373,568	$394,198	29.8%