Macomb Firefighters Pension Fund
Recent News About Macomb Firefighters Pension Fund
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Report: Macomb Firefighters Pension Fund gained $689,896 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Macomb Firefighters Pension Fund netted 6.1 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Macomb Firefighters Pension Fund would go bankrupt in 20 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Macomb Firefighters Pension Fund would have lost $546,792 in 2018, according to a West Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Macomb pays $6.29 for every $1 pensioners contribute to Macomb Firefighters Pension Fund
Taxpayers contributed 86.3 percent of the $856,963 the Macomb Firefighters Pension Fund brought in 2018, or $6.29 for every $1 from pension members.
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Report: 50.7% of Macomb Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 50.7 percent of the Macomb Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Macomb Firefighters Pension Fund lost $174,304 in investment income in 2016
After projecting its investments would grow by 6.50 percent, the Macomb Firefighters Pension Fund lost 2.18 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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Report: Average pensioner in Macomb Firefighters Pension Fund earns $60,180 per year
The Macomb Firefighters Pension Fund had 19 active participants receiving an average salary of $60,180 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Macomb pays $4.27 for every $1 pensioners contribute to Macomb Firefighters Pension Fund
Taxpayers contributed 80.8 percent of the $618,416 the Macomb Firefighters Pension Fund brought in last year, or $4.27 for every $1 from pension members.
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Analysis: Macomb Firefighters Pension Fund would go broke in eight years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Macomb Firefighters Pension Fund lost $1,323,026 in 2016, according to a West Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: 54.9% of Macomb Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 54.9 percent of the Macomb Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: These 4 West Central Illinois pension funds would go bankrupt fastest without subsidies
Pension funds in Jacksonville, Macomb and Beardstown would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
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West Central Illinois pension funds: Where do taxpayers contribute least?
Government pension funds in Beardstown, Macomb and Jacksonville depended least on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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West Central Illinois pension funds: Where do taxpayers contribute most?
Government pension funds in Jacksonville, Macomb and Beardstown depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Rankings: 6 best funded pensions in West Central Illinois
Jacksonville, Macomb and Beardstown have government pension funds with the highest funding levels in West Central Illinois, according to the Illinois Department of Insurance.
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Analysis: West-central Illinois fire, police pension funds paid $43 million, lost $1.8 million on investments in 2016
West-central Illinois’ 43 police and fire pension funds paid out a total of $43,041,315 in benefits to 1,050 retirees and inactive recipients in 2016 while losing $1,864,002 on their investments, according to a Western Central Reporter analysis of the funds' mandated financial filings with the Illinois Department of Insurance.