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South Central Reporter

Saturday, November 16, 2024

Analysis: Staunton pays $5.06 for every $1 pensioners contribute to Staunton Police Pension Fund

Budget 08

Taxpayers contributed 83.5 percent of the $166,270 the Staunton Police Pension Fund brought in last year, or $5.06 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, Staunton contributed $138,856 to the fund, which saw a $7,628 decrease in revenue over 2015. Members contributed $27,414, or 16.5 percent, in 2016.

Staunton Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$115,385$115,385$157,371$143,609$138,85620.3%
Pension members$26,228$27,387$27,110$30,290$27,4144.5%
Other Revenue$0$0$3-$-1$0-
Total$141,613$142,772$184,484$173,898$166,27017.4%

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