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Friday, December 27, 2024

Analysis: Benton pays $3.41 for every $1 pensioners contribute to Benton Firefighters Pension Fund

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Taxpayers contributed 77.4 percent of the $146,854 the Benton Firefighters Pension Fund brought in 2018, or $3.41 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 $113,620 to the fund, which saw a $25,998 increase in revenue over 2017. Members contributed $33,234, or 22.6 percent, in 2018.

Benton Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$135,070$131,098$108,071$88,996$113,620-15.9%
Pension members$31,035$31,106$31,177$31,860$33,2347.1%
Other Revenue-$-1$0$0$0$0100%
Total$166,104$162,204$139,248$120,856$146,854-11.6%

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