Analysis: Beardstown pays $5.81 for every $1 pensioners contribute to Beardstown Firefighters Pension Fund

By Local Labs News Service

May 15, 2018

Taxpayers contributed 85.3 percent of the $98,984 the Beardstown Firefighters Pension Fund brought in last year, or $5.81 for every $1 from pension members, according to a West Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Beardstown contributed $84,453 to the fund, which saw a $15,684 increase in revenue over 2015. Members contributed $14,531, or 14.7 percent, in 2016.

Beardstown Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$43,879	$45,765	$72,855	$67,455	$84,453	92.5%
Pension members	$11,523	$11,882	$12,724	$15,845	$14,531	26.1%
Other Revenue	$0	$1,123	$1	$0	$0	-
Total	$55,402	$58,770	$85,580	$83,300	$98,984	78.7%