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Southern Illinois News

Friday, November 22, 2024

Analysis: Cairo pays $20.32 for every $1 pensioners contribute to Cairo Firefighters Pension Fund

Budget 03

Taxpayers contributed 95.3 percent of the $236,784 the Cairo Firefighters Pension Fund brought in 2018, or $20.32 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 $225,680 to the fund, which saw a $9,005 increase in revenue over 2017. Members contributed $11,104, or 4.7 percent, in 2018.

Cairo Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$198,552$186,791$210,006$215,249$225,68013.7%
Pension members$14,032$12,536$12,703$12,529$11,104-20.9%
Other Revenue$400$0$1$1$0-100%
Total$212,984$199,327$222,710$227,779$236,78411.2%

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