Analysis: Coal City pays $3.21 for every $1 pensioners contribute to Coal City Firefighter's Pension Fund

By Grundy Reporter

Jul 2, 2020

Taxpayers contributed 76.3 percent of the $257,970 the Coal City Firefighter's Pension Fund brought in 2018, or $3.21 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 $196,743 to the fund, which saw a $57,620 increase in revenue over 2017. Members contributed $61,227, or 23.7 percent, in 2018.

Coal City Firefighter's Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$184,291	$150,020	$185,112	$140,132	$196,743	6.8%
Pension members	$53,261	$53,634	$52,704	$60,219	$61,227	15%
Other Revenue	$0	$3,184	$9,615	-$-1	$0	-
Total	$237,552	$206,838	$247,431	$200,350	$257,970	8.6%