Analysis: Centralia pays $5.67 for every $1 pensioners contribute to Salem Police Pension Fund

By South Central Reporter

Jul 13, 2020

Taxpayers contributed 85 percent of the $615,724 the Salem Police Pension Fund brought in 2018, or $5.67 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, Centralia contributed $523,531 to the fund, which saw a $378,789 increase in revenue over 2017. Members contributed $92,193, or 15 percent, in 2018.

Salem Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$123,690	$137,520	$146,414	$146,966	$523,531	323.3%
Pension members	$70,690	$77,878	$92,699	$89,969	$92,193	30.4%
Other Revenue	$0	$0	$0	$0	$0	-
Total	$194,380	$215,398	$239,113	$236,935	$615,724	216.8%