Analysis: Litchfield pays $5.66 for every $1 pensioners contribute to Litchfield Police Pension Fund

By South Central Reporter

Jul 10, 2020

Taxpayers contributed 85 percent of the $542,146 the Litchfield Police Pension Fund brought in 2018, or $5.66 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, Litchfield contributed $460,747 to the fund, which saw a $39,310 increase in revenue over 2017. Members contributed $81,399, or 15 percent, in 2018.

Litchfield Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$375,266	$368,978	$393,789	$422,407	$460,747	22.8%
Pension members	$74,345	$75,398	$79,911	$80,428	$81,399	9.5%
Other Revenue	$631	$1,801	$0	$1	$0	-100%
Total	$450,242	$446,177	$473,700	$502,836	$542,146	20.4%