Analysis: Granite City pays $3.65 for every $1 pensioners contribute to Granite City Firefighters Pension Fund C/O Gail Va

By Local Labs News Service

May 25, 2018

Taxpayers contributed 78.5 percent of the $1,684,388 the Granite City Firefighters Pension Fund C/O Gail Va brought in last year, or $3.65 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, Granite City contributed $1,322,316 to the fund, which saw a $358,986 increase in revenue over 2015. Members contributed $362,071, or 21.5 percent, in 2016. Another $1 came from other unspecified sources.

Granite City Firefighters Pension Fund C/O Gail Va revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,221,781	$1,004,449	$1,059,167	$980,995	$1,322,316	8.2%
Pension members	$359,399	$358,057	$351,679	$344,408	$362,071	0.7%
Other Revenue	$45	$0	$67	-$-1	$1	-97.8%
Total	$1,581,225	$1,362,506	$1,410,913	$1,325,402	$1,684,388	6.5%