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Galesburg Reporter

Thursday, October 2, 2025

Analysis: Monmouth pays $7.93 for every $1 pensioners contribute to Monmouth Firefighters Pension Fund

Budget 02

Taxpayers contributed 88.8 percent of the $706,320 the Monmouth Firefighters Pension Fund brought in last year, or $7.93 for every $1 from pension members, according to a Galesburg Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Monmouth contributed $627,273 to the fund, which saw a $126,381 increase in revenue over 2015. Members contributed $79,047, or 11.2 percent, in 2016.

Monmouth Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$396,962$373,116$395,926$501,431$627,27358%
Pension members$67,874$69,818$76,213$78,507$79,04716.5%
Other Revenue$0$50$0$1$0-
Total$464,836$442,984$472,139$579,939$706,32052%

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