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Southern Illinois News

Monday, December 23, 2024

Analysis: Cairo pays $47.62 for every $1 pensioners contribute to Cairo Police Pension Fund

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Taxpayers contributed 97.9 percent of the $300,839 the Cairo Police Pension Fund brought in 2018, or $47.62 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 $294,653 to the fund, which saw a $24,679 increase in revenue over 2017. Members contributed $6,187, or 2.1 percent, in 2018.

Cairo Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$221,784$223,329$255,649$265,287$294,65332.9%
Pension members$19,452$19,293$8,781$10,864$6,187-68.2%
Other Revenue$1$0$0$9-$-1-200%
Total$241,237$242,622$264,430$276,160$300,83924.7%

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