Analysis: Vandalia pays $4.42 for every $1 pensioners contribute to Vandalia Police Pension Fund

By South Central Reporter

Jul 17, 2020

Taxpayers contributed 81.6 percent of the $382,029 the Vandalia Police Pension Fund brought in 2018, or $4.42 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, Vandalia contributed $311,555 to the fund, which saw a $37,387 increase in revenue over 2017. Members contributed $70,474, or 18.4 percent, in 2018.

Vandalia Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$144,676	$166,120	$147,298	$277,134	$311,555	115.3%
Pension members	$60,784	$63,046	$64,275	$67,509	$70,474	15.9%
Other Revenue	$0	$0	$1	-$-1	$0	-
Total	$205,460	$229,166	$211,574	$344,642	$382,029	85.9%