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South West Illinois News

Friday, November 22, 2024

Analysis: Columbia pays $3.50 for every $1 pensioners contribute to Columbia Police Pension Fund

Budget 03

Taxpayers contributed 77.8 percent of the $450,050 the Columbia Police Pension Fund brought in last year, or $3.50 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, Columbia contributed $350,251 to the fund, which saw a $2,711 decrease in revenue over 2015. Members contributed $99,799, or 22.2 percent, in 2016.

Columbia Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$225,017$272,018$300,245$360,000$350,25155.7%
Pension members$83,468$82,836$94,758$92,760$99,79919.6%
Other Revenue-$-1$1$0$1$0100%
Total$308,484$354,855$395,003$452,761$450,05045.9%

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