Analysis: Olney pays $7.78 for every $1 pensioners contribute to Olney Firefighters Pension Fund

By East Central Reporter Reports

May 23, 2018

Taxpayers contributed 88.6 percent of the $182,233 the Olney Firefighters Pension Fund brought in last year, or $7.78 for every $1 from pension members, according to a East Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Olney contributed $161,480 to the fund, which saw a $12,184 increase in revenue over 2015. Members contributed $20,754, or 11.4 percent, in 2016.

Olney Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$62,904	$157,076	$115,680	$150,661	$161,480	156.7%
Pension members	$17,416	$18,746	$19,395	$19,388	$20,754	19.2%
Other Revenue	$0	$1	$0	$0	-$-1	-
Total	$80,320	$175,823	$135,075	$170,049	$182,233	126.9%