Analysis: Charleston pays $4.10 for every $1 pensioners contribute to Charleston Police Pension Fund

By East Central Reporter Reports

Jul 3, 2020

Taxpayers contributed 80.4 percent of the $1,227,749 the Charleston Police Pension Fund brought in 2018, or $4.10 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, Charleston contributed $987,044 to the fund, which saw a $211,486 increase in revenue over 2017. Members contributed $240,179, or 19.6 percent, in 2018. Another $526 came from other unspecified sources.

Charleston Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$665,412	$665,353	$730,357	$817,671	$987,044	48.3%
Pension members	$182,171	$189,348	$229,505	$198,592	$240,179	31.8%
Other Revenue	$101	$982	$5,559	$0	$526	420.8%
Total	$847,684	$855,683	$965,421	$1,016,263	$1,227,749	44.8%