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Metro East Sun

Saturday, November 23, 2024

Analysis: Swansea pays $6.44 for every $1 pensioners contribute to Swansea Firefighters Pension Fund

Budget 03

Taxpayers contributed 86.6 percent of the $85,348 the Swansea Firefighters Pension Fund brought in last year, or $6.44 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, Swansea contributed $73,886 to the fund, which saw a $30,421 increase in revenue over 2015. Members contributed $11,461, or 13.4 percent, in 2016. Another $1 came from other unspecified sources.

Swansea Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$37,815$43,532$42,948$42,813$73,88695.4%
Pension members$14,047$9,983$12,524$12,113$11,461-18.4%
Other Revenue$0$0$0$1$1-
Total$51,862$53,515$55,472$54,927$85,34864.6%

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