Grundy Reporter

Grundy Reporter

Tuesday, November 19, 2019

Analysis: Coal City pays $3.51 for every $1 pensioners contribute to Coal City Firefighter's Pension Fund

Local Government

By Local Labs News Service | May 15, 2018

Budget 01

Taxpayers contributed 74.8 percent of the $247,431 the Coal City Firefighter's Pension Fund brought in last year, or $3.51 for every $1 from pension members, according to a Grundy Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Coal City contributed $185,112 to the fund, which saw a $40,593 increase in revenue over 2015. Members contributed $52,704, or 21.3 percent, in 2016. Another $9,615 came from other unspecified sources.

Coal City Firefighter's Pension Fund revenue over 5 years
2012
2013
2014
2015
2016
Change 2012-2016
Municipality
$88,080
$50,000
$184,291
$150,020
$185,112
110.2%
Pension members
$34,523
$47,286
$53,261
$53,634
$52,704
52.7%
Other Revenue
$0
$1
$0
$3,184
$9,615
-
Total
$122,603
$97,287
$237,552
$206,838
$247,431
101.8%

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Organizations in this Story

Coal City Firefighters' Pension Fund

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