Analysis: Charleston pays $5.43 for every $1 pensioners contribute to Charleston Firefighters Pension Fund

By East Central Reporter Reports

Jul 2, 2020

Taxpayers contributed 84.4 percent of the $1,276,760 the Charleston Firefighters Pension Fund brought in 2018, or $5.43 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 $1,077,518 to the fund, which saw a $262,103 increase in revenue over 2017. Members contributed $198,334, or 15.5 percent, in 2018. Another $908 came from other unspecified sources.

Charleston Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$711,004	$737,795	$853,070	$828,911	$1,077,518	51.5%
Pension members	$276,938	$167,333	$180,258	$185,745	$198,334	-28.4%
Other Revenue	$126	$1,221	$6,559	$1	$908	620.6%
Total	$988,068	$906,349	$1,039,887	$1,014,657	$1,276,760	29.2%