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East Central Reporter

Tuesday, November 5, 2024

Analysis: Effingham pays $4.22 for every $1 pensioners contribute to Effingham Police Pension Fund

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Taxpayers contributed 80.8 percent of the $764,415 the Effingham Police Pension Fund brought in last year, or $4.22 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, Effingham contributed $618,018 to the fund, which saw a $149,791 increase in revenue over 2015. Members contributed $146,396, or 19.2 percent, in 2016. Another $1 came from other unspecified sources.

Effingham Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$567,039$513,629$470,231$472,239$618,0189%
Pension members$124,569$131,849$163,745$142,384$146,39617.5%
Other Revenue$350$250-$-1$1$1-99.7%
Total$691,958$645,728$633,975$614,624$764,41510.5%

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