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Metro East Sun

Tuesday, November 5, 2024

Analysis: Edwardsville pays $4.06 for every $1 pensioners contribute to Pontoon Beach Police Pension Fund

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Taxpayers contributed 79.1 percent of the $449,127 the Pontoon Beach Police Pension Fund brought in last year, or $4.06 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, Edwardsville contributed $355,241 to the fund, which saw a $6,255 increase in revenue over 2015. Members contributed $87,472, or 19.5 percent, in 2016. Another $6,414 came from other unspecified sources.

Pontoon Beach Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$306,319$322,590$339,450$357,384$355,24116%
Pension members$84,698$84,461$88,455$85,487$87,4723.3%
Other Revenue-$-1$50$329$1$6,414641500%
Total$391,016$407,101$428,234$442,872$449,12714.9%

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