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South West Illinois News

Tuesday, November 5, 2024

Analysis: Du Quoin pays $7.02 for every $1 pensioners contribute to Duquoin Firefighters Pension Fund

Budget 10

Taxpayers contributed 87.5 percent of the $316,307 the Duquoin Firefighters Pension Fund brought in last year, or $7.02 for every $1 from pension members, according to a SW Illinois News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Du Quoin contributed $276,882 to the fund, which saw a $24,113 decrease in revenue over 2015. Members contributed $39,425, or 12.5 percent, in 2016.

Duquoin Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$194,900$206,334$351,482$300,312$276,88242.1%
Pension members$34,789$35,990$37,127$40,108$39,42513.3%
Other Revenue$382$0$0$0$0-100%
Total$230,071$242,324$388,609$340,420$316,30737.5%

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