Kankakee Firefighters' Pension Fund
Recent News About Kankakee Firefighters' Pension Fund
-
Report: Kankakee Firefighters' Pension Fund gained $828,608 in investment income in 2018
After projecting its investments would grow by 5.8 percent, the Kankakee Firefighters' Pension Fund netted 6.9 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
-
Analysis: Kankakee Firefighters' Pension Fund would go bankrupt in five years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Kankakee Firefighters' Pension Fund would have lost $2,426,906 in 2018, according to a Kankakee Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
-
Analysis: Kankakee pays $7.18 for every $1 pensioners contribute to Kankakee Firefighters' Pension Fund
Taxpayers contributed 87.7 percent of the $3,016,685 the Kankakee Firefighters' Pension Fund brought in 2018, or $7.18 for every $1 from pension members.
-
Report: 16.5% of Kankakee Firefighters' Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 16.5 percent of the Kankakee Firefighters' Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
-
Report: Average pensioner in Kankakee Firefighters' Pension Fund earns $75,164 per year
The Kankakee Firefighters' Pension Fund had 48 active participants receiving an average salary of $75,164 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
-
Analysis: Kankakee pays $7.68 for every $1 pensioners contribute to Kankakee Firefighters' Pension Fund
Taxpayers contributed 88.5 percent of the $3,042,596 the Kankakee Firefighters' Pension Fund brought in last year, or $7.68 for every $1 from pension members.
-
Analysis: Kankakee Firefighters' Pension Fund would go broke in four years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Kankakee Firefighters' Pension Fund lost $3,262,079 in 2016, according to a Kankakee Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
-
Report: 19.3% of Kankakee Firefighters' Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 19.3 percent of the Kankakee Firefighters' Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
-
Analysis: These 2 Kankakee County pension funds would go bankrupt fastest without subsidies
Pension funds in Manteno and Kankakee would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.