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Illinois Valley Times

Saturday, November 2, 2024

Analysis: LaSalle pays $6.15 for every $1 pensioners contribute to Oglesby Police Pension Fund

Budget04

Taxpayers contributed 86 percent of the $385,011 the Oglesby Police Pension Fund brought in 2018, or $6.15 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 $331,215 to the fund, which saw a $18,993 increase in revenue over 2017. Members contributed $53,796, or 14 percent, in 2018.

Oglesby Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$348,000$351,000$279,585$319,433$331,215-4.8%
Pension members$48,301$50,606$51,335$46,586$53,79611.4%
Other Revenue-$633-$3,497$0-$-1$0100%
Total$395,668$398,109$330,920$366,018$385,011-2.7%

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