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Southern Illinois News

Friday, November 22, 2024

Analysis: Cairo pays $29.11 for every $1 pensioners contribute to Cairo Police Pension Fund

Budget 09

Taxpayers contributed 96.7 percent of the $264,430 the Cairo Police Pension Fund brought in last year, or $29.11 for every $1 from pension members, according to a Southern Illinois News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Cairo contributed $255,649 to the fund, which saw a $21,808 increase in revenue over 2015. Members contributed $8,781, or 3.3 percent, in 2016.

Cairo Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$183,980$167,736$221,784$223,329$255,64939%
Pension members$38,302$38,542$19,452$19,293$8,781-77.1%
Other Revenue$0$0$1$0$0-
Total$222,282$206,278$241,237$242,622$264,43019%

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