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South West Illinois News

Friday, November 22, 2024

Analysis: Pinckneyville pays $7.08 for every $1 pensioners contribute to Pinckneyville Police Pension Fund

Budget 08

Taxpayers contributed 87.2 percent of the $232,893 the Pinckneyville Police Pension Fund brought in last year, or $7.08 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, Pinckneyville contributed $203,176 to the fund, which saw a $18,919 increase in revenue over 2015. Members contributed $28,662, or 12.3 percent, in 2016. Another $1,055 came from other unspecified sources.

Pinckneyville Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$108,513$124,373$199,645$191,209$203,17687.2%
Pension members$24,225$25,980$29,060$23,391$28,66218.3%
Other Revenue$0$0$1-$626$1,055-
Total$132,738$150,353$228,706$213,974$232,89375.5%

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