Analysis: Godfrey pays $2.78 for every $1 pensioners contribute to Godfrey Paid Firefighters Pension Fund

By Local Labs News Service

May 25, 2018

Taxpayers contributed 73.6 percent of the $461,579 the Godfrey Paid Firefighters Pension Fund brought in last year, or $2.78 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, Godfrey contributed $339,731 to the fund, which saw a $4,974 increase in revenue over 2015. Members contributed $121,848, or 26.4 percent, in 2016.

Godfrey Paid Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$344,966	$361,298	$340,193	$339,642	$339,731	-1.5%
Pension members	$134,136	$112,637	$111,868	$116,963	$121,848	-9.2%
Other Revenue	$86,414	-$77,412	-$173,233	$0	$0	-100%
Total	$565,516	$396,523	$278,828	$456,605	$461,579	-18.4%