Analysis: Olney pays $7.30 for every $1 pensioners contribute to Olney Police Pension Fund

By East Central Reporter Reports

May 24, 2018

Taxpayers contributed 88 percent of the $528,590 the Olney Police Pension Fund brought in last year, or $7.30 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, Olney contributed $464,954 to the fund, which saw a $19,455 increase in revenue over 2015. Members contributed $63,636, or 12 percent, in 2016.

Olney Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$257,306	$359,932	$364,400	$448,193	$464,954	80.7%
Pension members	$62,702	$61,476	$58,481	$60,942	$63,636	1.5%
Other Revenue	$657	$0	$0	$0	$0	-100%
Total	$320,665	$421,408	$422,881	$509,135	$528,590	64.8%