Quantcast

Illinois Valley Times

Saturday, November 2, 2024

Analysis: Marseilles pays $1.67 for every $1 pensioners contribute to Marseilles Police Pension Fund

Budget 06

Taxpayers contributed 62.6 percent of the $167,425 the Marseilles Police Pension Fund brought in last year, or $1.67 for every $1 from pension members, according to a Illinois Valley Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Marseilles contributed $104,848 to the fund, which saw a $18,041 increase in revenue over 2015. Members contributed $62,578, or 37.4 percent, in 2016.

Marseilles Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$92,901$91,975$93,969$87,140$104,84812.9%
Pension members$55,261$54,003$59,548$62,244$62,57813.2%
Other Revenue$0$1$0$0-$-1-
Total$148,162$145,979$153,517$149,384$167,42513%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS