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Carbondale Reporter

Tuesday, November 5, 2024

Analysis: Herrin pays $6.07 for every $1 pensioners contribute to Herrin Firefighters Pension Fund

Budget 11

Taxpayers contributed 85.9 percent of the $699,276 the Herrin Firefighters Pension Fund brought in last year, or $6.07 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, Herrin contributed $600,500 to the fund, which saw a $90,690 increase in revenue over 2015. Members contributed $98,776, or 14.1 percent, in 2016.

Herrin Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$479,000$480,125$775,875$514,500$600,50025.4%
Pension members$85,793$89,305$99,047$94,085$98,77615.1%
Other Revenue-$-1$0$0$1$0100%
Total$564,792$569,430$874,922$608,586$699,27623.8%

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