Mount Vernon Firefighters Pension Fund
Recent News About Mount Vernon Firefighters Pension Fund
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Report: Mount Vernon Firefighters Pension Fund gained $1,128,445 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Mount Vernon Firefighters Pension Fund netted 7.1 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Mount Vernon Firefighters Pension Fund would go bankrupt in 80 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Mount Vernon Firefighters Pension Fund would have lost $204,350 in 2018, according to a North Egypt News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Mount Vernon pays $5.24 for every $1 pensioners contribute to Mount Vernon Firefighters Pension Fund
Taxpayers contributed 83.9 percent of the $1,157,016 the Mount Vernon Firefighters Pension Fund brought in 2018, or $5.24 for every $1 from pension members.
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Report: 61.2% of Mount Vernon Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 61.2 percent of the Mount Vernon Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Mount Vernon Firefighters Pension Fund lost $265,886 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Mount Vernon Firefighters Pension Fund lost 2.50 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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Report: Average pensioner in Mount Vernon Firefighters Pension Fund earns $64,851 per year
The Mount Vernon Firefighters Pension Fund had 29 active participants receiving an average salary of $64,851 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Mount Vernon pays $4.05 for every $1 pensioners contribute to Mt Vernon Firefighters Pension Fund
Taxpayers contributed 80.2 percent of the $936,434 the Mt Vernon Firefighters Pension Fund brought in last year, or $4.05 for every $1 from pension members.
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Analysis: Mount Vernon Firefighters Pension Fund would go broke in 10 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Mount Vernon Firefighters Pension Fund lost $1,529,113 in 2016, according to a North Egypt News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: 63% of Mt Vernon Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 63 percent of the Mt Vernon Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: These 2 North Egypt pension funds would go bankrupt fastest without subsidies
Pension funds in Mt Vernon and Mount Vernon would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.