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Galesburg Reporter

Thursday, April 3, 2025

Greater Galesburg pension funds: Where do taxpayers contribute least?

Local Government

Budget06

Government pension funds in Monmouth and Galesburg depended least 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 smallest taxpayer share

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

ORGANIZATIONS IN THIS STORY

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

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