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

By Illinois Valley Times

Jul 13, 2020

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

	2014	2015	2016	2017	2018	Change 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	$53,796	11.4%
Other Revenue	-$633	-$3,497	$0	-$-1	$0	100%
Total	$395,668	$398,109	$330,920	$366,018	$385,011	-2.7%