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South Central Reporter

Saturday, May 18, 2024

Analysis: Centralia pays $5.12 for every $1 pensioners contribute to Centralia Firefighters Pension Fund

Budget 07

Taxpayers contributed 83.7 percent of the $622,508 the Centralia Firefighters Pension Fund brought in last year, or $5.12 for every $1 from pension members, according to a South Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Centralia contributed $520,952 to the fund, which saw a $52,822 increase in revenue over 2015. Members contributed $101,555, or 16.3 percent, in 2016. Another $1 came from other unspecified sources.

Centralia Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$502,000$502,018$472,702$470,933$520,9523.8%
Pension members$99,369$93,862$94,599$98,752$101,5552.2%
Other Revenue$0$0$0$1$1-
Total$601,369$595,880$567,301$569,686$622,5083.5%

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