Analysis: Alton pays $7.31 for every $1 pensioners contribute to Alton Police Pension Fund

By Local Labs News Service

May 15, 2018

Taxpayers contributed 86.9 percent of the $3,531,426 the Alton Police Pension Fund brought in last year, or $7.31 for every $1 from pension members, according to a Metro East Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Alton contributed $3,069,684 to the fund, which saw a $737,166 increase in revenue over 2015. Members contributed $419,745, or 11.9 percent, in 2016. Another $41,997 came from other unspecified sources.

Alton Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,596,836	$2,011,975	$2,529,427	$2,335,246	$3,069,684	18.2%
Pension members	$456,332	$417,204	$411,535	$410,047	$419,745	-8%
Other Revenue	$1,324	$33,172	$42,969	$48,967	$41,997	3072%
Total	$3,054,492	$2,462,351	$2,983,931	$2,794,260	$3,531,426	15.6%