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Metro East Sun

Monday, December 23, 2024

Analysis: Wood River pays $5.39 for every $1 pensioners contribute to Wood River Police Pension Fund

Budget 04

Taxpayers contributed 84.4 percent of the $761,478 the Wood River Police Pension Fund brought in 2018, or $5.39 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 $642,328 to the fund, which saw a $125,938 increase in revenue over 2017. Members contributed $119,150, or 15.6 percent, in 2018.

Wood River Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$451,302$453,461$475,526$517,319$642,32842.3%
Pension members$108,855$112,087$132,902$118,221$119,1509.5%
Other Revenue$0$1$17,859$0$0-
Total$560,157$565,549$626,287$635,540$761,47835.9%

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