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South West Illinois News

Friday, November 22, 2024

Analysis: Columbia pays $3.68 for every $1 pensioners contribute to Columbia Police Pension Fund

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Taxpayers contributed 78.6 percent of the $496,102 the Columbia Police Pension Fund brought in 2018, or $3.68 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 $390,141 to the fund, which saw a $23,123 increase in revenue over 2017. Members contributed $105,961, or 21.4 percent, in 2018.

Columbia Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$300,245$360,000$350,251$375,764$390,14129.9%
Pension members$94,758$92,760$99,799$97,215$105,96111.8%
Other Revenue$0$1$0$0$0-
Total$395,003$452,761$450,050$472,979$496,10225.6%

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