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Metro East Sun

Friday, November 22, 2024

Analysis: East Alton pays $3.76 for every $1 pensioners contribute to East Alton Firefighters Pension Fund

Budget 02

Taxpayers contributed 79 percent of the $202,618 the East Alton Firefighters Pension Fund brought in last year, or $3.76 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, East Alton contributed $160,072 to the fund, which saw a $12,753 increase in revenue over 2015. Members contributed $42,546, or 21 percent, in 2016.

East Alton Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$69,418$86,640$104,734$145,937$160,072130.6%
Pension members$38,969$39,444$38,677$43,929$42,5469.2%
Other Revenue$0$340$0-$-1$0-
Total$108,387$126,424$143,411$189,865$202,61886.9%

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