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South Central Reporter

Saturday, November 16, 2024

Analysis: Vandalia pays $2.29 for every $1 pensioners contribute to Vandalia Police Pension Fund

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Taxpayers contributed 69.6 percent of the $211,574 the Vandalia Police Pension Fund brought in last year, or $2.29 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, Vandalia contributed $147,298 to the fund, which saw a $17,592 decrease in revenue over 2015. Members contributed $64,275, or 30.4 percent, in 2016. Another $1 came from other unspecified sources.

Vandalia Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$159,540$165,631$144,676$166,120$147,298-7.7%
Pension members$58,145$58,956$60,784$63,046$64,27510.5%
Other Revenue$1$0$0$0$10%
Total$217,686$224,587$205,460$229,166$211,574-2.8%

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