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South Central Reporter

Saturday, May 18, 2024

Analysis: Carlinville pays $3.22 for every $1 pensioners contribute to Carlinville Police Pension Fund

Budget 07

Taxpayers contributed 76.3 percent of the $243,322 the Carlinville Police Pension Fund brought in last year, or $3.22 for every $1 from pension members, according to a South Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Carlinville contributed $185,762 to the fund, which saw a $90,802 decrease in revenue over 2015. Members contributed $57,559, or 23.7 percent, in 2016. Another $1 came from other unspecified sources.

Carlinville Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$165,966$181,584$219,898$277,675$185,76211.9%
Pension members$47,193$45,927$50,502$56,449$57,55922%
Other Revenue-$4,812$22,642$0$0$1100%
Total$208,347$250,153$270,400$334,124$243,32216.8%

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