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Tuesday, November 5, 2024

Analysis: Mount Carmel pays $5.05 for every $1 pensioners contribute to Mt Carmel Firefighters Pension Fund

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Taxpayers contributed 83.5 percent of the $126,857 the Mt Carmel Firefighters Pension Fund brought in last year, or $5.05 for every $1 from pension members, according to a SE Illinois News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Mount Carmel contributed $105,913 to the fund, which saw a $23,831 increase in revenue over 2015. Members contributed $20,943, or 16.5 percent, in 2016. Another $1 came from other unspecified sources.

Mt Carmel Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$57,918$57,789$73,062$82,743$105,91382.9%
Pension members$18,289$19,835$19,720$20,283$20,94314.5%
Other Revenue$1$0$0$0$10%
Total$76,208$77,624$92,782$103,026$126,85766.5%

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