Quantcast

Metro East Sun

Tuesday, May 20, 2025

Analysis: Swansea pays $5.13 for every $1 pensioners contribute to Swansea Police Pension Fund

Budget 01

Taxpayers contributed 83.7 percent of the $975,593 the Swansea Police Pension Fund brought in last year, or $5.13 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, Swansea contributed $816,678 to the fund, which saw a $67,534 increase in revenue over 2015. Members contributed $158,915, or 16.3 percent, in 2016.

Swansea Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$542,382$616,235$569,233$761,961$816,67850.6%
Pension members$144,482$145,878$144,706$142,668$158,91510%
Other Revenue-$-1$0$0$3,430$0100%
Total$686,863$762,113$713,939$908,059$975,59342%

MORE NEWS