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Metro East Sun

Tuesday, November 5, 2024

Analysis: Collinsville pays $3.42 for every $1 pensioners contribute to Collinsville Police Pension Fund

Budget 07

Taxpayers contributed 77.3 percent of the $1,485,768 the Collinsville Police Pension Fund brought in last year, or $3.42 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, Collinsville contributed $1,148,282 to the fund, which saw a $27,600 decrease in revenue over 2015. Members contributed $335,566, or 22.6 percent, in 2016. Another $1,920 came from other unspecified sources.

Collinsville Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,066,289$1,015,582$1,169,202$1,193,868$1,148,2827.7%
Pension members$310,272$478,031$409,910$317,580$335,5668.2%
Other Revenue$1$0$0$1,920$1,920191900%
Total$1,376,562$1,493,613$1,579,112$1,513,368$1,485,7687.9%

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