Quantcast

East Central Reporter

Tuesday, November 5, 2024

Analysis: Paris pays $3.92 for every $1 pensioners contribute to Paris Police Pension Fund

Budget 10

Taxpayers contributed 79.7 percent of the $466,529 the Paris Police Pension Fund brought in 2018, or $3.92 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 $371,804 to the fund, which saw a $34,346 increase in revenue over 2017. Members contributed $94,725, or 20.3 percent, in 2018.

Paris Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$285,629$288,104$353,678$343,457$371,80430.2%
Pension members$78,854$82,150$89,176$88,726$94,72520.1%
Other Revenue$1$0$0$0$0-100%
Total$364,484$370,254$442,854$432,183$466,52928%

MORE NEWS