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East Central Reporter

Tuesday, November 5, 2024

Analysis: Mattoon pays $6.74 for every $1 pensioners contribute to Mattoon Firefighters Pension Fund

Budget 09

Taxpayers contributed 87.1 percent of the $1,570,435 the Mattoon Firefighters Pension Fund brought in last year, or $6.74 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, Mattoon contributed $1,367,692 to the fund, which saw a $11,203 increase in revenue over 2015. Members contributed $202,743, or 12.9 percent, in 2016.

Mattoon Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,361,766$1,354,955$1,398,877$1,356,510$1,367,6920.4%
Pension members$202,782$195,815$198,792$202,721$202,743-0%
Other Revenue-$-1$0$0$1$0100%
Total$1,564,547$1,550,770$1,597,669$1,559,232$1,570,4350.4%

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