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Metro East Sun

Tuesday, December 24, 2024

Analysis: Edwardsville pays $5.14 for every $1 pensioners contribute to Pontoon Beach Police Pension Fund

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Taxpayers contributed 83.7 percent of the $583,328 the Pontoon Beach Police Pension Fund brought in 2018, or $5.14 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, Edwardsville contributed $488,428 to the fund, which saw a $48,730 increase in revenue over 2017. Members contributed $94,899, or 16.3 percent, in 2018. Another $1 came from other unspecified sources.

Pontoon Beach Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$339,450$357,384$355,241$446,405$488,42843.9%
Pension members$88,455$85,487$87,472$88,193$94,8997.3%
Other Revenue$329$1$6,414$0$1-99.7%
Total$428,234$442,872$449,127$534,598$583,32836.2%

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