Analysis: Quincy pays $7.67 for every $1 pensioners contribute to Quincy Firefighters Pension Fund

By Quincy Reporter

Jul 2, 2020

Taxpayers contributed 88.5 percent of the $3,522,300 the Quincy Firefighters Pension Fund brought in 2018, or $7.67 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 $3,116,182 to the fund, which saw a $368,278 increase in revenue over 2017. Members contributed $406,119, or 11.5 percent, in 2018.

Quincy Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,350,426	$2,517,819	$2,569,640	$2,763,408	$3,116,182	32.6%
Pension members	$382,669	$382,874	$379,247	$390,594	$406,119	6.1%
Other Revenue	$0	$0	$0	$20	-$-1	-
Total	$2,733,095	$2,900,693	$2,948,887	$3,154,022	$3,522,300	28.9%