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Metro East Sun

Monday, December 23, 2024

Analysis: Glen Carbon pays $2.54 for every $1 pensioners contribute to Glen Carbon Police Pension Fund

Budget06

Taxpayers contributed 71.5 percent of the $502,881 the Glen Carbon Police Pension Fund brought in last year, or $2.54 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, Glen Carbon contributed $359,755 to the fund, which saw a $109,491 increase in revenue over 2015. Members contributed $141,425, or 28.1 percent, in 2016. Another $1,701 came from other unspecified sources.

Glen Carbon Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$208,436$249,441$263,303$293,833$359,75572.6%
Pension members$111,672$107,143$116,499$120,797$141,42526.6%
Other Revenue$0$0$13,829-$21,240$1,701-
Total$320,108$356,584$393,631$393,390$502,88157.1%

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