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South West Illinois News

Friday, November 22, 2024

Analysis: Du Quoin pays $3.75 for every $1 pensioners contribute to Duquoin Police Pension Fund

Budget04

Taxpayers contributed 79 percent of the $305,767 the Duquoin Police Pension Fund brought in last year, or $3.75 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, Du Quoin contributed $241,407 to the fund, which saw a $10,331 increase in revenue over 2015. Members contributed $64,361, or 21 percent, in 2016.

Duquoin Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$188,091$198,995$225,350$232,167$241,40728.3%
Pension members$56,128$56,873$54,308$63,269$64,36114.7%
Other Revenue$0$0-$-1$0-$-1-
Total$244,219$255,868$279,657$295,436$305,76725.2%

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