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Metro East Sun

Friday, November 22, 2024

Analysis: Centreville pays $3.25 for every $1 pensioners contribute to Centreville Police Pension Fund

Budget 01

Taxpayers contributed 76.5 percent of the $145,593 the Centreville Police Pension Fund brought in last year, or $3.25 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, Centreville contributed $111,309 to the fund, which saw a $9,440 increase in revenue over 2015. Members contributed $34,173, or 23.5 percent, in 2016. Another $111 came from other unspecified sources.

Centreville Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$106,530$55,851$64,038$106,773$111,3094.5%
Pension members$23,221$33,883$24,600$28,827$34,17347.2%
Other Revenue-$-1$0$0$553$11111200%
Total$129,750$89,734$88,638$136,153$145,59312.2%

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