Analysis: Macomb pays $6.29 for every $1 pensioners contribute to Macomb Firefighters Pension Fund

By West Central Reporter

Jul 6, 2020

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, according to a West Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Macomb contributed $739,538 to the fund, which saw a $249,833 increase in revenue over 2017. Members contributed $117,425, or 13.7 percent, in 2018.

Macomb Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$431,880	$474,854	$499,923	$493,965	$739,538	71.2%
Pension members	$108,677	$109,959	$116,866	$113,069	$117,425	8%
Other Revenue	$0	$0	$1,627	$96	$0	-
Total	$540,557	$584,813	$618,416	$607,130	$856,963	58.5%