Olney Firefighters Pension Fund
Recent News About Olney Firefighters Pension Fund
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Report: Olney Firefighters Pension Fund gained $54,155 in investment income in 2018
After projecting its investments would grow by 5 percent, the Olney Firefighters Pension Fund netted 2.2 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Olney Firefighters Pension Fund would go bankrupt in 11 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Olney Firefighters Pension Fund would have lost $207,326 in 2018, according to a East Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Olney pays $13.87 for every $1 pensioners contribute to Olney Firefighters Pension Fund
Taxpayers contributed 93.3 percent of the $258,706 the Olney Firefighters Pension Fund brought in 2018, or $13.87 for every $1 from pension members.
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Report: 49.2% of Olney Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 49.2 percent of the Olney Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Olney Firefighters Pension Fund gained $32,814 in investment income in 2016
After projecting its investments would grow by 5.00 percent, the Olney Firefighters Pension Fund netted 1.20 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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Report: Average pensioner in Olney Firefighters Pension Fund earns $54,893 per year
The Olney Firefighters Pension Fund had 4 active participants receiving an average salary of $54,893 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Olney pays $7.78 for every $1 pensioners contribute to Olney Firefighters Pension Fund
Taxpayers contributed 88.6 percent of the $182,233 the Olney Firefighters Pension Fund brought in last year, or $7.78 for every $1 from pension members.
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Analysis: Olney Firefighters Pension Fund would go broke in 14 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Olney Firefighters Pension Fund lost $163,327 in 2016, according to a East Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: 56.3% of Olney Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 56.3 percent of the Olney Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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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.
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Analysis: These 200 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.
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East Central Illinois pension funds: Where do taxpayers contribute least?
Government pension funds in Olney, Shelbyville and Lawrenceville depended least on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Illinois pension funds: Where do taxpayers contribute least?
Government pension funds in Olney, Shelbyville and Lawrenceville depended least on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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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.
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Rankings: 10 best funded pensions in East Central Illinois
Lawrenceville, Effingham and Robinson have government pension funds with the highest funding levels in East Central Illinois, according to the Illinois Department of Insurance.
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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.