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North Egypt News

Saturday, May 18, 2024

Analysis: Mount Vernon pays $6.55 for every $1 pensioners contribute to Jefferson FPD Firefighters Pension Fund

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Taxpayers contributed 86.8 percent of the $159,112 the Jefferson FPD Firefighters Pension Fund brought in 2018, or $6.55 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, Mount Vernon contributed $138,047 to the fund, which saw a $12,360 increase in revenue over 2017. Members contributed $21,065, or 13.2 percent, in 2018.

Jefferson FPD Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$94,042$99,935$102,532$127,239$138,04746.8%
Pension members$17,655$18,048$19,577$19,513$21,06519.3%
Other Revenue-$-1$1$0$0$0100%
Total$111,696$117,984$122,109$146,752$159,11242.5%

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