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

By South West Illinois News Reports

Jul 2, 2020

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

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$130,462	$129,705	$131,575	$131,691	$137,218	5.2%
Pension members	$36,135	$42,585	$45,907	$46,196	$45,954	27.2%
Other Revenue	$0	$1	-$-1	-$-1	-$-1	-
Total	$166,597	$172,291	$177,481	$177,886	$183,171	9.9%