Savanna Firefighters Pension Fund
Recent News About Savanna Firefighters Pension Fund
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Report: Savanna Firefighters Pension Fund gained $20,505 in investment income in 2018
After projecting its investments would grow by 5 percent, the Savanna Firefighters Pension Fund netted 1.7 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Savanna Firefighters Pension Fund would go bankrupt in 11 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Savanna Firefighters Pension Fund would have lost $113,572 in 2018, according to a NW Illinois News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Savanna pays $10.20 for every $1 pensioners contribute to Savanna Firefighters Pension Fund
Taxpayers contributed 91.1 percent of the $112,412 the Savanna Firefighters Pension Fund brought in 2018, or $10.20 for every $1 from pension members.
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Report: 45.2% of Savanna Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 45.2 percent of the Savanna Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Savanna Firefighters Pension Fund gained $17,618 in investment income in 2016
After projecting its investments would grow by 5.00 percent, the Savanna Firefighters Pension Fund netted 1.43 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 Savanna Firefighters Pension Fund earns $49,978 per year
The Savanna Firefighters Pension Fund had 2 active participants receiving an average salary of $49,978 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Savanna pays $10.23 for every $1 pensioners contribute to Savanna Firefighters Pension Fund
Taxpayers contributed 91.1 percent of the $106,141 the Savanna Firefighters Pension Fund brought in last year, or $10.23 for every $1 from pension members.
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Analysis: Savanna Firefighters Pension Fund would go broke in 11 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Savanna Firefighters Pension Fund lost $109,952 in 2016, according to a NW Illinois News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: 49.2% of Savanna Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 49.2 percent of the Savanna Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Northwest Illinois pension funds: Where do taxpayers contribute least?
Government pension funds in Savanna, Rock Falls and Byron depended least on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Illinois pension funds: Where do taxpayers contribute least?
Government pension funds in Savanna, Rock Falls and Byron depended least 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 Northwest Illinois
Savanna, Dixon and Freeport have government pension funds with the lowest funding levels in Northwest Illinois, according to the Illinois Department of Insurance.
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Analysis: Northwest Illinois fire, police pension funds paid $8 million, lost $924K on investments in 2016
Northwest Illinois’ 10 police and fire pension funds paid out a total of $8,100,566 in benefits to 204 retirees and inactive recipients in 2016 while losing $924,236 on their investments, according to a NW Illinois News analysis of the funds' mandated financial filings with the Illinois Department of Insurance.