Analysis: Godfrey pays $4.78 for every $1 pensioners contribute to Godfrey Paid Firefighters Pension Fund

By Metro East Sun

Jul 21, 2020

Taxpayers contributed 82.7 percent of the $680,273 the Godfrey Paid Firefighters Pension Fund brought in 2018, or $4.78 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 $562,736 to the fund, which saw a $211,937 increase in revenue over 2017. Members contributed $117,525, or 17.3 percent, in 2018. Another $12 came from other unspecified sources.

Godfrey Paid Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$340,193	$339,642	$339,731	$351,384	$562,736	65.4%
Pension members	$111,868	$116,963	$121,848	$116,952	$117,525	5.1%
Other Revenue	-$173,233	$0	$0	$0	$12	100%
Total	$278,828	$456,605	$461,579	$468,336	$680,273	144%