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Southern Illinois News

Friday, November 22, 2024

Analysis: Metropolis pays $6.63 for every $1 pensioners contribute to Metropolis Firefighters Pension Fund

Budget 05

Taxpayers contributed 86.9 percent of the $418,527 the Metropolis Firefighters Pension Fund brought in last year, or $6.63 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, Metropolis contributed $363,680 to the fund, which saw a $119,185 increase in revenue over 2015. Members contributed $54,848, or 13.1 percent, in 2016.

Metropolis Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$149,466$143,295$160,656$244,766$363,680143.3%
Pension members$58,395$57,375$57,061$54,576$54,848-6.1%
Other Revenue$0$1$0$0-$-1-
Total$207,861$200,671$217,717$299,342$418,527101.3%

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