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Illinois Valley Times

Monday, November 25, 2024

Analysis: Ottawa pays $2.70 for every $1 pensioners contribute to Ottawa Police Pension Fund

Budget007

Taxpayers contributed 73 percent of the $946,048 the Ottawa Police Pension Fund brought in last year, or $2.70 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, Ottawa contributed $690,595 to the fund, which saw a $10,187 decrease in revenue over 2015. Members contributed $255,453, or 27 percent, in 2016.

Ottawa Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$684,883$716,398$651,722$694,633$690,5950.8%
Pension members$223,241$228,557$235,967$261,602$255,45314.4%
Other Revenue$0-$-1$0$0$0-
Total$908,124$944,954$887,689$956,235$946,0484.2%

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