Pension funds in Marion, Murphysboro and Carbondale would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
Pension funds record revenue from investment income and other revenue, in addition to being subsidized by municipal taxes and member contributions. Taking those subsidies out of the equation and assuming the funds annual expenses are the same, the following table shows how long it would take for a pension fund to run out of money.
Which Greater Carbondale pension funds will go bankrupt first?
Total Non-Subsidy Revenue
Total Annual Loss without Subsidy
Marion Police Pension Fund
Murphysboro Firefighters Pension Fund
Carbondale Firefighters Pension Fund
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Organizations in this Story
Marion Police Pension Fund • Murphysboro Firefighters Pension Fund • Carbondale Firefighters Pension Fund