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South West Illinois News

Tuesday, November 5, 2024

Analysis: Chester pays $2.98 for every $1 pensioners contribute to Chester Police Pension Fund

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Taxpayers contributed 74.9 percent of the $183,171 the Chester Police Pension Fund brought in 2018, or $2.98 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, Chester contributed $137,218 to the fund, which saw a $5,285 increase in revenue over 2017. Members contributed $45,954, or 25.1 percent, in 2018.

Chester Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$130,462$129,705$131,575$131,691$137,2185.2%
Pension members$36,135$42,585$45,907$46,196$45,95427.2%
Other Revenue$0$1-$-1-$-1-$-1-
Total$166,597$172,291$177,481$177,886$183,1719.9%

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