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South Central Reporter

Saturday, November 16, 2024

Analysis: Taylorville pays $3.42 for every $1 pensioners contribute to Taylorville Police Pension Fund

Budget01

Taxpayers contributed 77.4 percent of the $455,036 the Taylorville Police Pension Fund brought in last year, or $3.42 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, Taylorville contributed $352,082 to the fund, which saw a $11,510 increase in revenue over 2015. Members contributed $102,896, or 22.6 percent, in 2016. Another $58 came from other unspecified sources.

Taylorville Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$326,528$319,209$332,145$345,427$352,0827.8%
Pension members$84,276$85,085$88,366$97,053$102,89622.1%
Other Revenue$691$219$159$1,046$58-91.6%
Total$411,495$404,513$420,670$443,526$455,03610.6%

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