Analysis: Quincy pays $6.77 for every $1 pensioners contribute to Quincy Firefighters Pension Fund

By Local Labs News Service

May 15, 2018

Taxpayers contributed 87.1 percent of the $2,948,887 the Quincy Firefighters Pension Fund brought in last year, or $6.77 for every $1 from pension members, according to a Quincy Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Quincy contributed $2,569,640 to the fund, which saw a $48,194 increase in revenue over 2015. Members contributed $379,247, or 12.9 percent, in 2016.

Quincy Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,470,264	$2,375,224	$2,350,426	$2,517,819	$2,569,640	4%
Pension members	$360,808	$372,372	$382,669	$382,874	$379,247	5.1%
Other Revenue	$0	$0	$0	$0	$0	-
Total	$2,831,072	$2,747,596	$2,733,095	$2,900,693	$2,948,887	4.2%