Analysis: Charleston pays $4.73 for every $1 pensioners contribute to Charleston Firefighters Pension Fund

By East Central Reporter Reports

May 15, 2018

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, according to a East Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Charleston contributed $853,070 to the fund, which saw a $133,538 increase in revenue over 2015. Members contributed $180,258, or 17.3 percent, in 2016. Another $6,559 came from other unspecified sources.

Charleston Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$806,563	$791,765	$711,004	$737,795	$853,070	5.8%
Pension members	$147,607	$152,997	$276,938	$167,333	$180,258	22.1%
Other Revenue	$1,320	$162	$126	$1,221	$6,559	396.9%
Total	$955,490	$944,924	$988,068	$906,349	$1,039,887	8.8%