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East Central Reporter

Saturday, November 23, 2024

Analysis: Effingham pays $5.12 for every $1 pensioners contribute to Effingham Firefighters Pension Fund

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Taxpayers contributed 83.7 percent of the $657,960 the Effingham Firefighters Pension Fund brought in last year, or $5.12 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, Effingham contributed $550,492 to the fund, which saw a $3,666 increase in revenue over 2015. Members contributed $107,469, or 16.3 percent, in 2016.

Effingham Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$508,493$505,271$406,916$553,371$550,4928.3%
Pension members$90,531$93,945$97,637$100,923$107,46918.7%
Other Revenue$212$9$0$0-$-1-100.5%
Total$599,236$599,225$504,553$654,294$657,9609.8%

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