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Friday, November 22, 2024

Analysis: Metropolis pays $5.98 for every $1 pensioners contribute to Metropolis Police Pension Fund

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Taxpayers contributed 85.7 percent of the $564,979 the Metropolis Police Pension Fund brought in 2018, or $5.98 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 $484,144 to the fund, which saw a $141,281 decrease in revenue over 2017. Members contributed $80,835, or 14.3 percent, in 2018.

Metropolis Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$292,303$323,887$451,546$625,012$484,14465.6%
Pension members$86,163$86,750$78,135$81,248$80,835-6.2%
Other Revenue$0-$-1$0$0$0-
Total$378,466$410,636$529,681$706,260$564,97949.3%

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