Analysis: Alton pays $11.82 for every $1 pensioners contribute to Alton Firefighters Pension Fund

By Metro East Sun

Jul 2, 2020

Taxpayers contributed 92.2 percent of the $3,697,493 the Alton Firefighters Pension Fund brought in 2018, or $11.82 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, Alton contributed $3,409,169 to the fund, which saw a $425,827 increase in revenue over 2017. Members contributed $288,324, or 7.8 percent, in 2018.

Alton Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,302,503	$2,217,922	$2,970,632	$2,959,202	$3,409,169	48.1%
Pension members	$291,197	$282,099	$283,978	$277,272	$288,324	-1%
Other Revenue	$36,197	$66,209	$15,364	$35,192	$0	-100%
Total	$2,629,897	$2,566,230	$3,269,974	$3,271,666	$3,697,493	40.6%