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Friday, November 22, 2024

Analysis: Metropolis pays $7.24 for every $1 pensioners contribute to Metropolis Firefighters Pension Fund

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Taxpayers contributed 87.9 percent of the $429,291 the Metropolis Firefighters Pension Fund brought in 2018, or $7.24 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 $377,207 to the fund, which saw a $88,759 decrease in revenue over 2017. Members contributed $52,084, or 12.1 percent, in 2018.

Metropolis Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$160,656$244,766$363,680$461,575$377,207134.8%
Pension members$57,061$54,576$54,848$56,474$52,084-8.7%
Other Revenue$0$0-$-1$1$0-
Total$217,717$299,342$418,527$518,050$429,29197.2%

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