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Metro East Sun

Monday, May 6, 2024

Analysis: Troy pays $1.06 for every $1 pensioners contribute to Troy Police Pension Fund

Budget007

Taxpayers contributed 51.7 percent of the $610,435 the Troy Police Pension Fund brought in 2018, or $1.06 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, Troy contributed $315,493 to the fund, which saw a $181,652 increase in revenue over 2017. Members contributed $294,942, or 48.3 percent, in 2018.

Troy Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$254,768$265,188$296,543$299,745$315,49323.8%
Pension members$107,410$115,578$121,337$129,038$294,942174.6%
Other Revenue$19-$-1$0$0$0-100%
Total$362,197$380,765$417,880$428,783$610,43568.5%

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