Analysis: Mattoon pays $6.46 for every $1 pensioners contribute to Mattoon Police Pension Fund

By East Central Reporter Reports

Jul 9, 2020

Taxpayers contributed 87.3 percent of the $1,878,777 the Mattoon Police Pension Fund brought in 2018, or $6.46 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, Mattoon contributed $1,639,440 to the fund, which saw a $183,165 increase in revenue over 2017. Members contributed $253,608, or 13.5 percent, in 2018.

Mattoon Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,372,591	$1,401,503	$1,403,050	$1,437,453	$1,639,440	19.4%
Pension members	$227,576	$227,982	$253,098	$249,841	$253,608	11.4%
Other Revenue	-$27,649	-$-1	-$19,028	$8,318	-$14,271	48.4%
Total	$1,572,518	$1,629,484	$1,637,120	$1,695,612	$1,878,777	19.5%