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East Central Reporter

Saturday, November 23, 2024

Analysis: Paris pays $3.96 for every $1 pensioners contribute to Paris Police Pension Fund

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Taxpayers contributed 79.9 percent of the $442,854 the Paris Police Pension Fund brought in last year, or $3.96 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, Paris contributed $353,678 to the fund, which saw a $72,600 increase in revenue over 2015. Members contributed $89,176, or 20.1 percent, in 2016.

Paris Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$285,740$301,572$285,629$288,104$353,67823.8%
Pension members$75,215$76,502$78,854$82,150$89,17618.6%
Other Revenue-$-1$0$1$0$0100%
Total$360,954$378,074$364,484$370,254$442,85422.7%

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