West Frankfort Firefighters Pension Fund
Recent News About West Frankfort Firefighters Pension Fund
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Report: West Frankfort Firefighters Pension Fund gained $338,046 in investment income in 2018
After projecting its investments would grow by 6.3 percent, the West Frankfort Firefighters Pension Fund netted 6.8 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: West Frankfort Firefighters Pension Fund would go bankrupt in 31 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the West Frankfort Firefighters Pension Fund would have lost $166,279 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: West Frankfort pays $5.08 for every $1 pensioners contribute to West Frankfort Firefighters Pension Fund
Taxpayers contributed 83.5 percent of the $393,660 the West Frankfort Firefighters Pension Fund brought in 2018, or $5.08 for every $1 from pension members.
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Report: 55.5% of West Frankfort Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 55.5 percent of the West Frankfort Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.