Analysis: Effingham pays $5.60 for every $1 pensioners contribute to Effingham Firefighters Pension Fund

By East Central Reporter Reports

Jul 4, 2020

Taxpayers contributed 84.9 percent of the $784,661 the Effingham Firefighters Pension Fund brought in 2018, or $5.60 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 $665,871 to the fund, which saw a $39,879 increase in revenue over 2017. Members contributed $118,790, or 15.1 percent, in 2018.

Effingham Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$406,916	$553,371	$550,492	$634,222	$665,871	63.6%
Pension members	$97,637	$100,923	$107,469	$110,561	$118,790	21.7%
Other Revenue	$0	$0	-$-1	-$-1	$0	-
Total	$504,553	$654,294	$657,960	$744,782	$784,661	55.5%