Analysis: Alton pays $10.46 for every $1 pensioners contribute to Alton Firefighters Pension Fund

By Local Labs News Service

May 15, 2018

Taxpayers contributed 90.8 percent of the $3,269,974 the Alton Firefighters Pension Fund brought in last year, or $10.46 for every $1 from pension members, according to a Metro East Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Alton contributed $2,970,632 to the fund, which saw a $703,744 increase in revenue over 2015. Members contributed $283,978, or 8.7 percent, in 2016. Another $15,364 came from other unspecified sources.

Alton Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,633,907	$2,034,358	$2,302,503	$2,217,922	$2,970,632	12.8%
Pension members	$315,231	$299,709	$291,197	$282,099	$283,978	-9.9%
Other Revenue	$0	-$350,289	$36,197	$66,209	$15,364	-
Total	$2,949,138	$1,983,778	$2,629,897	$2,566,230	$3,269,974	10.9%