Analysis: Charleston pays $3.18 for every $1 pensioners contribute to Charleston Police Pension Fund

By East Central Reporter Reports

May 16, 2018

Taxpayers contributed 75.7 percent of the $965,421 the Charleston Police Pension Fund brought in last year, or $3.18 for every $1 from pension members, according to a East Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Charleston contributed $730,357 to the fund, which saw a $109,738 increase in revenue over 2015. Members contributed $229,505, or 23.8 percent, in 2016. Another $5,559 came from other unspecified sources.

Charleston Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$700,017	$734,408	$665,412	$665,353	$730,357	4.3%
Pension members	$178,287	$178,011	$182,171	$189,348	$229,505	28.7%
Other Revenue	$1,178	$29	$101	$982	$5,559	371.9%
Total	$879,482	$912,448	$847,684	$855,683	$965,421	9.8%