Quantcast

East Central Reporter

Tuesday, November 5, 2024

Analysis: Shelbyville pays $5.06 for every $1 pensioners contribute to Shelbyville Police Pension Fund

Budget 08

Taxpayers contributed 83.5 percent of the $201,311 the Shelbyville Police Pension Fund brought in last year, or $5.06 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, Shelbyville contributed $168,128 to the fund, which saw a $19,641 increase in revenue over 2015. Members contributed $33,182, or 16.5 percent, in 2016. Another $1 came from other unspecified sources.

Shelbyville Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$81,120$87,991$88,316$150,074$168,128107.3%
Pension members$31,593$31,256$31,615$31,596$33,1825%
Other Revenue$1$0$1$0$10%
Total$112,714$119,247$119,932$181,670$201,31178.6%

MORE NEWS