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Metro East Sun

Monday, December 23, 2024

Analysis: Wood River pays $4.70 for every $1 pensioners contribute to Wood River Firefighters Pension Fund

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Taxpayers contributed 82.5 percent of the $361,054 the Wood River Firefighters Pension Fund brought in last year, or $4.70 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, Wood River contributed $297,756 to the fund, which saw a $8,656 increase in revenue over 2015. Members contributed $63,298, or 17.5 percent, in 2016.

Wood River Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$252,154$318,079$332,308$291,031$297,75618.1%
Pension members$64,955$58,524$60,042$61,367$63,298-2.6%
Other Revenue$0$0$0$0$0-
Total$317,109$376,603$392,350$352,398$361,05413.9%

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