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Carbondale Reporter

Friday, November 22, 2024

Analysis: Carbondale pays $5.02 for every $1 pensioners contribute to Carbondale Firefighters Pension Fund

Budget 03

Taxpayers contributed 83.4 percent of the $970,808 the Carbondale Firefighters Pension Fund brought in last year, or $5.02 for every $1 from pension members, according to a Carbondale Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Carbondale contributed $809,742 to the fund, which saw a $24,367 increase in revenue over 2015. Members contributed $161,057, or 16.6 percent, in 2016. Another $9 came from other unspecified sources.

Carbondale Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$863,138$785,488$744,187$760,746$809,742-6.2%
Pension members$149,936$151,148$156,980$186,538$161,0577.4%
Other Revenue$3$0$38-$843$9200%
Total$1,013,077$936,636$901,205$946,441$970,808-4.2%

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