Sterling Firefighters Pension Fund
Recent News About Sterling Firefighters Pension Fund
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Report: Sterling Firefighters Pension Fund gained $1,040,123 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Sterling Firefighters Pension Fund netted 7.8 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Sterling Firefighters Pension Fund would go bankrupt in 27 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Sterling Firefighters Pension Fund would have lost $483,649 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: Sterling pays $10.15 for every $1 pensioners contribute to Sterling Firefighters Pension Fund
Taxpayers contributed 91 percent of the $1,271,307 the Sterling Firefighters Pension Fund brought in 2018, or $10.15 for every $1 from pension members.
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Report: 52.5% of Sterling Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 52.5 percent of the Sterling Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Sterling Firefighters Pension Fund lost $98,840 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Sterling Firefighters Pension Fund lost 1.19 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 Sterling Firefighters Pension Fund earns $59,220 per year
The Sterling Firefighters Pension Fund had 19 active participants receiving an average salary of $59,220 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Sterling pays $6.58 for every $1 pensioners contribute to Sterling Firefighters Pension Fund
Taxpayers contributed 86.8 percent of the $794,514 the Sterling Firefighters Pension Fund brought in last year, or $6.58 for every $1 from pension members.
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Analysis: Sterling Firefighters Pension Fund would go broke in eight years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Sterling Firefighters Pension Fund lost $1,515,161 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: 54.5% of Sterling Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 54.5 percent of the Sterling 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 most?
Government pension funds in Freeport, Sterling and Dixon depended most 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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Rankings: 10 best funded pensions in Northwest Illinois
Byron, Freeport and Rochelle have government pension funds with the highest funding levels in Northwest Illinois, according to the Illinois Department of Insurance.