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Friday, November 22, 2024

Analysis: Cairo pays $16.53 for every $1 pensioners contribute to Cairo Firefighters Pension Fund

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Taxpayers contributed 94.3 percent of the $222,710 the Cairo Firefighters Pension Fund brought in last year, or $16.53 for every $1 from pension members, according to a Southern Illinois News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Cairo contributed $210,006 to the fund, which saw a $23,383 increase in revenue over 2015. Members contributed $12,703, or 5.7 percent, in 2016. Another $1 came from other unspecified sources.

Cairo Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$154,512$141,271$198,552$186,791$210,00635.9%
Pension members$32,717$27,948$14,032$12,536$12,703-61.2%
Other Revenue$0$0$400$0$1-
Total$187,229$169,219$212,984$199,327$222,71019%

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