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Galesburg Reporter

Friday, April 19, 2024

Greater Galesburg pension funds: Where do taxpayers contribute most?

Local Government

Budget 12

Government pension funds in Galesburg and Monmouth depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.

Pension funds in Illinois rely on cash from taxpayers, contributions from members, returns on investment and other revenue to meet their obligations.

How much did pension funds in your community depend on taxpayers in 2016?

Greater Galesburg pension funds with biggest taxpayer share

Rank
Fund
City
County
Total revenue in 2016
From taxpayers
1
Galesburg Police Pension Fund
Galesburg
Knox County
$2,283,103
$1,956,983
2
Monmouth Firefighters Pension Fund
Monmouth
Warren County
$706,320
$627,273
3
Monmouth Police Pension Fund
Monmouth
Warren County
$601,326
$491,232

ORGANIZATIONS IN THIS STORY

Galesburg Police Pension Fund• Monmouth Firefighters Pension Fund• Monmouth Police Pension Fund

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