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Will County Gazette

Monday, November 25, 2024

Analysis: Manhattan pays $2.14 for every $1 pensioners contribute to Manhattan FPD Firefighter's Pension Fund

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Taxpayers contributed 68.2 percent of the $292,076 the Manhattan FPD Firefighter's Pension Fund brought in 2018, or $2.14 for every $1 from pension members, according to a Will County Gazette analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Manhattan contributed $199,114 to the fund, which saw a $42,230 increase in revenue over 2017. Members contributed $92,962, or 31.8 percent, in 2018.

Manhattan FPD Firefighter's Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$124,615$134,853$161,497$158,595$199,11459.8%
Pension members$65,113$77,933$85,042$91,250$92,96242.8%
Other Revenue$0-$2,034$0$1$0-
Total$189,728$210,752$246,539$249,846$292,07653.9%

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