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Illinois Valley Times

Monday, November 25, 2024

Analysis: Spring Valley pays $3.19 for every $1 pensioners contribute to Spring Valley Police Pension Fund

Budget06

Taxpayers contributed 76.2 percent of the $262,533 the Spring Valley Police Pension Fund brought in last year, or $3.19 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, Spring Valley contributed $199,946 to the fund, which saw a $42,597 increase in revenue over 2015. Members contributed $62,587, or 23.8 percent, in 2016.

Spring Valley Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$100,106$114,512$129,465$158,980$199,94699.7%
Pension members$56,225$55,134$55,471$60,956$62,58711.3%
Other Revenue$0$1-$-1$0$0-
Total$156,331$169,647$184,935$219,936$262,53367.9%

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