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Illinois Valley Times

Monday, November 25, 2024

Analysis: Marseilles pays $1.83 for every $1 pensioners contribute to Marseilles Police Pension Fund

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Taxpayers contributed 64.7 percent of the $198,529 the Marseilles Police Pension Fund brought in 2018, or $1.83 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, Marseilles contributed $128,401 to the fund, which saw a $3,487 increase in revenue over 2017. Members contributed $70,128, or 35.3 percent, in 2018.

Marseilles Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$93,969$87,140$104,848$114,018$128,40136.6%
Pension members$59,548$62,244$62,578$81,024$70,12817.8%
Other Revenue$0$0-$-1$0$0-
Total$153,517$149,384$167,425$195,042$198,52929.3%

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