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South Central Reporter

Saturday, November 16, 2024

Analysis: Centralia pays $5.13 for every $1 pensioners contribute to Centralia Police Pension Fund

Budget06

Taxpayers contributed 83.7 percent of the $837,118 the Centralia Police Pension Fund brought in last year, or $5.13 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, Centralia contributed $700,700 to the fund, which saw a $73,801 increase in revenue over 2015. Members contributed $136,419, or 16.3 percent, in 2016.

Centralia Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$661,922$672,774$633,469$638,167$700,7005.9%
Pension members$135,498$128,159$125,545$125,151$136,4190.7%
Other Revenue$0-$-1$1-$-1-$-1-
Total$797,420$800,932$759,015$763,317$837,1185%

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