Ottawa Firefighters Pension Fund
Recent News About Ottawa Firefighters Pension Fund
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Report: Ottawa Firefighters Pension Fund gained $1,091,574 in investment income in 2018
After projecting its investments would grow by 6.3 percent, the Ottawa Firefighters Pension Fund netted 8.5 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Ottawa Firefighters Pension Fund would go bankrupt in 22 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Ottawa Firefighters Pension Fund would have lost $595,706 in 2018, according to a Illinois Valley Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Ottawa pays $5.62 for every $1 pensioners contribute to Ottawa Firefighters Pension Fund
Taxpayers contributed 84.2 percent of the $1,268,022 the Ottawa Firefighters Pension Fund brought in 2018, or $5.62 for every $1 from pension members.
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Report: 38.9% of Ottawa Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 38.9 percent of the Ottawa Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Ottawa Firefighters Pension Fund lost $163,499 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Ottawa Firefighters Pension Fund lost 1.66 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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Report: Average pensioner in Ottawa Firefighters Pension Fund earns $67,365 per year
The Ottawa Firefighters Pension Fund had 29 active participants receiving an average salary of $67,365 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Ottawa pays $5.51 for every $1 pensioners contribute to Ottawa Firefighters Pension Fund
Taxpayers contributed 84.6 percent of the $1,145,544 the Ottawa Firefighters Pension Fund brought in last year, or $5.51 for every $1 from pension members.
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Report: 45.9% of Ottawa Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 45.9 percent of the Ottawa Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Illinois Valley pension funds: Where do taxpayers contribute most?
Government pension funds in Ottawa, LaSalle and Streator depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Rankings: 10 worst funded pensions in Illinois Valley
Coal City, LaSalle and Streator have government pension funds with the lowest funding levels in Illinois Valley, according to the Illinois Department of Insurance.
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Analysis: Illinois Valley fire, police pension funds paid $9 million in benefits, made $400K on investments in 2016
Illinois Valley’s 21 police and fire pension funds paid out a total of $9,939,934 in benefits to 315 retirees and inactive recipients in 2016 while gaining $418,986 on their investments, according to an Illinois Valley Times analysis of the funds' mandated financial filings with the Illinois Department of Insurance.