Analysis: Carbondale pays $5.44 for every $1 pensioners contribute to Carbondale Firefighters Pension Fund

By Carbondale Reporter

Jul 2, 2020

Taxpayers contributed 84.5 percent of the $1,465,891 the Carbondale Firefighters Pension Fund brought in 2018, or $5.44 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 $1,238,607 to the fund, which saw a $359,582 increase in revenue over 2017. Members contributed $227,274, or 15.5 percent, in 2018. Another $10 came from other unspecified sources.

Carbondale Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$744,187	$760,746	$809,742	$937,738	$1,238,607	66.4%
Pension members	$156,980	$186,538	$161,057	$168,561	$227,274	44.8%
Other Revenue	$38	-$843	$9	$10	$10	-73.7%
Total	$901,205	$946,441	$970,808	$1,106,309	$1,465,891	62.7%