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Metro East Sun

Monday, December 23, 2024

Analysis: Wood River pays $3.57 for every $1 pensioners contribute to Wood River Police Pension Fund

Budget 07

Taxpayers contributed 75.9 percent of the $626,287 the Wood River Police Pension Fund brought in last year, or $3.57 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, Wood River contributed $475,526 to the fund, which saw a $60,738 increase in revenue over 2015. Members contributed $132,902, or 21.2 percent, in 2016. Another $17,859 came from other unspecified sources.

Wood River Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$394,845$437,155$451,302$453,461$475,52620.4%
Pension members$174,266$106,890$108,855$112,087$132,902-23.7%
Other Revenue$0$0$0$1$17,859-
Total$569,111$544,045$560,157$565,549$626,28710%

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