East Central Reporter

Recent News About Charleston Firefighters Pension Fund

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  Report: Charleston Firefighters Pension Fund gained $741,200 in investment income in 2018

  After projecting its investments would grow by 6.5 percent, the Charleston Firefighters Pension Fund netted 5.2 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.

  By East Central Reporter Reports
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  Analysis: Charleston Firefighters Pension Fund would go bankrupt in 15 years without taxpayer subsidy

  Without members and taxpayers subsidizing its revenue, the Charleston Firefighters Pension Fund would have lost $967,972 in 2018, according to a East Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

  By East Central Reporter Reports
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  Analysis: Charleston pays $5.43 for every $1 pensioners contribute to Charleston Firefighters Pension Fund

  Taxpayers contributed 84.4 percent of the $1,276,760 the Charleston Firefighters Pension Fund brought in 2018, or $5.43 for every $1 from pension members.

  By East Central Reporter Reports
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  Report: 42% of Charleston Firefighters Pension Fund is funded

  With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 42 percent of the Charleston Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.

  By East Central Reporter Reports
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  Report: Charleston Firefighters Pension Fund lost $256,862 in investment income in 2016

  After projecting its investments would grow by 6.75 percent, the Charleston Firefighters Pension Fund lost 2.50 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.

  By East Central Reporter Reports
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  Report: Average pensioner in Charleston Firefighters Pension Fund earns $62,002 per year

  The Charleston Firefighters Pension Fund had 35 active participants receiving an average salary of $62,002 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.

  By East Central Reporter Reports
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  Analysis: Charleston pays $4.73 for every $1 pensioners contribute to Charleston Firefighters Pension Fund

  Taxpayers contributed 82 percent of the $1,039,887 the Charleston Firefighters Pension Fund brought in last year, or $4.73 for every $1 from pension members.

  By East Central Reporter Reports
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  Analysis: Charleston Firefighters Pension Fund would go broke in seven years without taxpayer subsidy

  Without members and taxpayers subsidizing its revenue, Charleston Firefighters Pension Fund lost $1,886,334 in 2016, according to a East Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

  By East Central Reporter Reports
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  Report: 45.5% of Charleston Firefighters Pension Fund is funded

  With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 45.5 percent of the Charleston Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.

  By East Central Reporter Reports
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  Analysis: These 10 East Central Illinois pension funds would go bankrupt fastest without subsidies

  Pension funds in Robinson, Shelbyville and Effingham would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.

  By East Central Reporter Reports
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  East Central Illinois pension funds: Where do taxpayers contribute most?

  Government pension funds in Mattoon, Charleston and Effingham depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.

  By East Central Reporter Reports
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  Rankings: 10 worst funded pensions in East Central Illinois

  Olney, Mattoon and Charleston have government pension funds with the lowest funding levels in East Central Illinois, according to the Illinois Department of Insurance.

  By East Central Reporter Reports
• Analysis: East Central Illinois fire, police pension funds paid $21 million, lost $1.7 million on investments in 2016

  East Central Illinois' 34 police and fire pension funds paid out a total of $21,884,811 in benefits to 576 retirees and inactive recipients in 2016 while losing $1,712,059 on their investments, according to an East Central Reporter analysis of the funds' mandated financial filings with the Illinois Department of Insurance.

  By East Central Reporter Reports