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South West Illinois News

Sunday, December 22, 2024

Analysis: Waterloo pays $4.55 for every $1 pensioners contribute to Waterloo Police Pension Fund

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Taxpayers contributed 82 percent of the $537,824 the Waterloo Police Pension Fund brought in last year, or $4.55 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, Waterloo contributed $441,000 to the fund, which saw a $63,800 increase in revenue over 2015. Members contributed $96,824, or 18 percent, in 2016.

Waterloo Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$300,000$335,000$365,000$380,000$441,00047%
Pension members$87,726$91,019$228,579$94,024$96,82410.4%
Other Revenue$500$0$0$0$0-100%
Total$388,226$426,019$593,579$474,024$537,82438.5%

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