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Friday, November 22, 2024

Analysis: Metropolis pays $5.77 for every $1 pensioners contribute to Metropolis Police Pension Fund

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Taxpayers contributed 85.2 percent of the $529,681 the Metropolis Police Pension Fund brought in last year, or $5.77 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, Metropolis contributed $451,546 to the fund, which saw a $119,045 increase in revenue over 2015. Members contributed $78,135, or 14.8 percent, in 2016.

Metropolis Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$185,481$176,095$292,303$323,887$451,546143.4%
Pension members$115,810$83,467$86,163$86,750$78,135-32.5%
Other Revenue$0$0$0-$-1$0-
Total$301,291$259,562$378,466$410,636$529,68175.8%

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