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DeKalb Times

Friday, November 22, 2024

Analysis: Sycamore pays $2.55 for every $1 pensioners contribute to Sycamore Firefighters Pension Fund

Budget 05

Taxpayers contributed 71.9 percent of the $806,061 the Sycamore Firefighters Pension Fund brought in last year, or $2.55 for every $1 from pension members, according to a DeKalb Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Sycamore contributed $579,311 to the fund, which saw a $1,012 increase in revenue over 2015. Members contributed $226,750, or 28.1 percent, in 2016.

Sycamore Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$500,763$556,506$573,089$586,295$579,31115.7%
Pension members$199,144$205,600$213,427$218,754$226,75013.9%
Other Revenue$3$0$0$0$0-100%
Total$699,910$762,106$786,516$805,049$806,06115.2%

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