Analysis: Quincy pays $8.30 for every $1 pensioners contribute to Tri-Township FPD Firefighters Pension Fund

By Quincy Reporter

Jul 4, 2020

Taxpayers contributed 89.3 percent of the $426,397 the Tri-Township FPD Firefighters Pension Fund brought in 2018, or $8.30 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 $380,590 to the fund, which saw a $84,621 increase in revenue over 2017. Members contributed $45,806, or 10.7 percent, in 2018. Another $1 came from other unspecified sources.

Tri-Township FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$176,009	$245,738	$262,735	$306,548	$380,590	116.2%
Pension members	$39,728	$40,826	$39,891	$35,227	$45,806	15.3%
Other Revenue	$10	$0	-$-1	$1	$1	-90%
Total	$215,747	$286,564	$302,625	$341,776	$426,397	97.6%