Galesburg Fire Fighters Pension Fund
Recent News About Galesburg Fire Fighters Pension Fund
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Report: Galesburg Fire Fighters Pension Fund lost $1,170,663 in investment income in 2018
After projecting its investments would grow by 6.3 percent, the Galesburg Fire Fighters Pension Fund lost 5.6 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Galesburg Fire Fighters Pension Fund would go bankrupt in six years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Galesburg Fire Fighters Pension Fund would have lost $4,187,509 in 2018, according to a Galesburg Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Galesburg pays $8.64 for every $1 pensioners contribute to Galesburg Fire Fighters Pension Fund
Taxpayers contributed 89.6 percent of the $2,666,022 the Galesburg Fire Fighters Pension Fund brought in 2018, or $8.64 for every $1 from pension members.
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Report: 42.8% of Galesburg Fire Fighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 42.8 percent of the Galesburg Fire Fighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Galesburg Fire Fighters Pension Fund gained $1,220,666 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Galesburg Fire Fighters Pension Fund netted 5.49 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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Report: Average pensioner in Galesburg Fire Fighters Pension Fund earns $64,747 per year
The Galesburg Fire Fighters Pension Fund had 42 active participants receiving an average salary of $64,747 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Galesburg pays $7.96 for every $1 pensioners contribute to Galesburg Fire Fighters Pension Fund
Taxpayers contributed 88.8 percent of the $2,360,260 the Galesburg Fire Fighters Pension Fund brought in last year, or $7.96 for every $1 from pension members.
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Analysis: Galesburg Fire Fighters Pension Fund would go broke in 13 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Galesburg Fire Fighters Pension Fund lost $1,738,579 in 2016, according to a Galesburg Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: 47.6% of Galesburg Fire Fighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 47.6 percent of the Galesburg Fire Fighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: This Greater Galesburg pension funds would go bankrupt fastest without subsidies
A pension fund in Galesburg would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
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Analysis: These 200 Illinois pension funds would go bankrupt fastest without subsidies
A pension fund in Galesburg would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.