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North Egypt News

Tuesday, November 5, 2024

Analysis: Benton pays $3.46 for every $1 pensioners contribute to Benton Firefighters Pension Fund

Budget06

Taxpayers contributed 77.6 percent of the $139,248 the Benton Firefighters Pension Fund brought in last year, or $3.46 for every $1 from pension members, according to a North Egypt News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Benton contributed $108,071 to the fund, which saw a $22,956 decrease in revenue over 2015. Members contributed $31,177, or 22.4 percent, in 2016.

Benton Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$125,321$127,907$135,070$131,098$108,071-13.8%
Pension members$30,836$29,673$31,035$31,106$31,1771.1%
Other Revenue$701$0-$-1$0$0-100%
Total$156,858$157,580$166,104$162,204$139,248-11.2%

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