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South Central Reporter

Saturday, May 18, 2024

Analysis: Taylorville pays $4.12 for every $1 pensioners contribute to Taylorville Police Pension Fund

Budget 13

Taxpayers contributed 80.5 percent of the $531,737 the Taylorville Police Pension Fund brought in 2018, or $4.12 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 $427,870 to the fund, which saw a $87,694 increase in revenue over 2017. Members contributed $103,800, or 19.5 percent, in 2018. Another $67 came from other unspecified sources.

Taylorville Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$332,145$345,427$352,082$353,897$427,87028.8%
Pension members$88,366$97,053$102,896$90,110$103,80017.5%
Other Revenue$159$1,046$58$36$67-57.9%
Total$420,670$443,526$455,036$444,043$531,73726.4%

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