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South Central Reporter

Saturday, May 18, 2024

Analysis: Staunton pays $5.39 for every $1 pensioners contribute to Staunton Police Pension Fund

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Taxpayers contributed 84.4 percent of the $178,194 the Staunton Police Pension Fund brought in 2018, or $5.39 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 $150,341 to the fund, which saw a $1,129 increase in revenue over 2017. Members contributed $27,853, or 15.6 percent, in 2018.

Staunton Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$157,371$143,609$138,856$137,070$150,341-4.5%
Pension members$27,110$30,290$27,414$39,995$27,8532.7%
Other Revenue$3-$-1$0$0$0-100%
Total$184,484$173,898$166,270$177,065$178,194-3.4%

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