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South Central Reporter

Sunday, April 28, 2024

Analysis: Litchfield pays $4.92 for every $1 pensioners contribute to Litchfield Police Pension Fund

Budget 06

Taxpayers contributed 83.1 percent of the $473,700 the Litchfield Police Pension Fund brought in last year, or $4.92 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, Litchfield contributed $393,789 to the fund, which saw a $27,523 increase in revenue over 2015. Members contributed $79,911, or 16.9 percent, in 2016.

Litchfield Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$265,591$329,856$375,266$368,978$393,78948.3%
Pension members$77,689$77,270$74,345$75,398$79,9112.9%
Other Revenue-$-1-$-1$631$1,801$0100%
Total$343,279$407,125$450,242$446,177$473,70038%

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