Analysis: Centralia pays $1.57 for every $1 pensioners contribute to Salem Police Pension Fund

By Local Labs News Service

May 26, 2018

Taxpayers contributed 61.2 percent of the $239,113 the Salem Police Pension Fund brought in last year, or $1.57 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 $146,414 to the fund, which saw a $23,715 increase in revenue over 2015. Members contributed $92,699, or 38.8 percent, in 2016.

Salem Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$113,419	$115,861	$123,690	$137,520	$146,414	29.1%
Pension members	$67,282	$69,746	$70,690	$77,878	$92,699	37.8%
Other Revenue	$0	$1	$0	$0	$0	-
Total	$180,701	$185,608	$194,380	$215,398	$239,113	32.3%