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Illinois Valley Times

Monday, November 25, 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%

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