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South West Illinois News

Tuesday, November 5, 2024

Analysis: Du Quoin pays $5.41 for every $1 pensioners contribute to Duquoin Police Pension Fund

Budget 05

Taxpayers contributed 84.4 percent of the $343,901 the Duquoin Police Pension Fund brought in 2018, or $5.41 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 $290,303 to the fund, which saw a $17,673 decrease in revenue over 2017. Members contributed $53,598, or 15.6 percent, in 2018.

Duquoin Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$225,350$232,167$241,407$295,468$290,30328.8%
Pension members$54,308$63,269$64,361$66,106$53,598-1.3%
Other Revenue-$-1$0-$-1$0$0100%
Total$279,657$295,436$305,767$361,574$343,90123%

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