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Illinois Valley Times

Monday, November 25, 2024

Analysis: LaSalle pays $5.44 for every $1 pensioners contribute to Oglesby Police Pension Fund

Budget 09

Taxpayers contributed 84.5 percent of the $330,920 the Oglesby Police Pension Fund brought in last year, or $5.44 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, LaSalle contributed $279,585 to the fund, which saw a $67,189 decrease in revenue over 2015. Members contributed $51,335, or 15.5 percent, in 2016.

Oglesby Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$180,000$297,000$348,000$351,000$279,58555.3%
Pension members$47,123$48,216$48,301$50,606$51,3358.9%
Other Revenue-$4,250-$360-$633-$3,497$0100%
Total$222,873$344,856$395,668$398,109$330,92048.5%

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