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North Egypt News

Tuesday, November 5, 2024

Analysis: West Frankfort pays $5.08 for every $1 pensioners contribute to West Frankfort Firefighters Pension Fund

Budget007

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, according to a North Egypt News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, West Frankfort contributed $328,862 to the fund, which saw a $7,662 increase in revenue over 2017. Members contributed $64,729, or 16.4 percent, in 2018. Another $69 came from other unspecified sources.

West Frankfort Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$268,660$282,093$296,198$327,339$328,86222.4%
Pension members$45,784$48,288$55,444$58,659$64,72941.4%
Other Revenue$1$0-$-1$0$696800%
Total$314,445$330,381$351,641$385,998$393,66025.2%

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