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West Central Reporter

Monday, December 23, 2024

Analysis: Beardstown pays $5.62 for every $1 pensioners contribute to Beardstown Firefighters Pension Fund

Budget01

Taxpayers contributed 84.9 percent of the $92,118 the Beardstown Firefighters Pension Fund brought in 2018, or $5.62 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 $78,204 to the fund, which saw a $9,940 decrease in revenue over 2017. Members contributed $13,913, or 15.1 percent, in 2018. Another $1 came from other unspecified sources.

Beardstown Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$72,855$67,455$84,453$88,092$78,2047.3%
Pension members$12,724$15,845$14,531$13,966$13,9139.3%
Other Revenue$1$0$0$0$10%
Total$85,580$83,300$98,984$102,058$92,1187.6%

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