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Metro East Sun

Monday, May 6, 2024

Analysis: Caseyville pays $10.18 for every $1 pensioners contribute to Washington Park Police Pension Fund

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Taxpayers contributed 91 percent of the $49,974 the Washington Park Police Pension Fund brought in 2018, or $10.18 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, Caseyville contributed $45,479 to the fund, which saw a $15,169 decrease in revenue over 2017. Members contributed $4,467, or 8.9 percent, in 2018. Another $28 came from other unspecified sources.

Washington Park Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$60,548$76,897$60,041$62,192$45,479-24.9%
Pension members$6,666$6,126$491$2,944$4,467-33%
Other Revenue$0$0$1$7$28-
Total$67,214$83,023$60,533$65,143$49,974-25.6%

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