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East Central Reporter

Tuesday, November 5, 2024

Analysis: Shelbyville pays $4.22 for every $1 pensioners contribute to Shelbyville Fpd Firefighters Pension Fund

Budget01

Taxpayers contributed 80.8 percent of the $77,080 the Shelbyville Fpd Firefighters Pension Fund brought in last year, or $4.22 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, Shelbyville contributed $62,315 to the fund, which saw a $847 increase in revenue over 2015. Members contributed $14,765, or 19.2 percent, in 2016.

Shelbyville Fpd Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$42,800$42,836$61,443$61,735$62,31545.6%
Pension members$13,429$13,705$14,216$14,499$14,7659.9%
Other Revenue$0$70$413-$-1$0-
Total$56,229$56,611$76,072$76,233$77,08037.1%

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