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Illinois Valley Times

Saturday, November 2, 2024

Analysis: Mendota pays $3.15 for every $1 pensioners contribute to Mendota Firefighters Pension Fund

Budget 13

Taxpayers contributed 75.9 percent of the $136,581 the Mendota Firefighters Pension Fund brought in last year, or $3.15 for every $1 from pension members, according to a Illinois Valley Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Mendota contributed $103,673 to the fund, which saw a $757 increase in revenue over 2015. Members contributed $32,908, or 24.1 percent, in 2016.

Mendota Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$103,088$102,108$101,644$104,018$103,6730.6%
Pension members$30,216$30,574$31,181$31,806$32,9088.9%
Other Revenue$0-$-1$21$0$0-
Total$133,304$132,681$132,846$135,824$136,5812.5%

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