Analysis: Monmouth pays $7.43 for every $1 pensioners contribute to Monmouth Firefighters Pension Fund

By Galesburg Reporter

Jul 4, 2020

Taxpayers contributed 88.1 percent of the $720,272 the Monmouth Firefighters Pension Fund brought in 2018, or $7.43 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 $634,884 to the fund, which saw a $63,590 decrease in revenue over 2017. Members contributed $85,388, or 11.9 percent, in 2018.

Monmouth Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$395,926	$501,431	$627,273	$700,649	$634,884	60.4%
Pension members	$76,213	$78,507	$79,047	$83,213	$85,388	12%
Other Revenue	$0	$1	$0	$0	$0	-
Total	$472,139	$579,939	$706,320	$783,862	$720,272	52.6%