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Kankakee Times

Thursday, December 19, 2024

Analysis: Bradley pays $1.98 for every $1 pensioners contribute to Bradley Firefighters Pension Fund

Budget 11

Taxpayers contributed 66.5 percent of the $124,248 the Bradley Firefighters Pension Fund brought in last year, or $1.98 for every $1 from pension members, according to a Kankakee Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Bradley contributed $82,643 to the fund, which saw a $5,853 increase in revenue over 2015. Members contributed $41,605, or 33.5 percent, in 2016.

Bradley Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$53,180$72,967$73,920$85,451$82,64355.4%
Pension members$25,908$26,658$26,117$32,944$41,60560.6%
Other Revenue$0$0$0$0$0-
Total$79,088$99,625$100,037$118,395$124,24857.1%

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