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Metro East Sun

Friday, November 22, 2024

Analysis: Venice pays $10.64 for every $1 pensioners contribute to Venice Police Pension Fund

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Taxpayers contributed 91.4 percent of the $161,236 the Venice Police Pension Fund brought in 2018, or $10.64 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, Venice contributed $147,385 to the fund, which saw a $37,483 increase in revenue over 2017. Members contributed $13,851, or 8.6 percent, in 2018.

Venice Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$66,851$108,618$110,422$108,664$147,385120.5%
Pension members$25,003$16,810$20,827$15,089$13,851-44.6%
Other Revenue$0$0$0$0$0-
Total$91,854$125,428$131,249$123,753$161,23675.5%

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