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SE Illinois News

Tuesday, November 5, 2024

Analysis: Mount Carmel pays $6.03 for every $1 pensioners contribute to Mount Carmel Firefighters Pension Fund

Budget 02

Taxpayers contributed 85.8 percent of the $141,762 the Mount Carmel Firefighters Pension Fund brought in 2018, or $6.03 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 $121,601 to the fund, which saw a $728 decrease in revenue over 2017. Members contributed $20,161, or 14.2 percent, in 2018.

Mount Carmel Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$73,062$82,743$105,913$120,465$121,60166.4%
Pension members$19,720$20,283$20,943$22,025$20,1612.2%
Other Revenue$0$0$1$0$0-
Total$92,782$103,026$126,857$142,490$141,76252.8%

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