Analysis: Madison pays $3.06 for every $1 pensioners contribute to Madison Police Pension Fund

By Metro East Sun

Jul 27, 2020

Taxpayers contributed 75.4 percent of the $454,998 the Madison Police Pension Fund brought in 2018, or $3.06 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, Madison contributed $342,948 to the fund, which saw a $50,736 increase in revenue over 2017. Members contributed $112,050, or 24.6 percent, in 2018.

Madison Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$334,488	$341,148	$343,478	$336,009	$342,948	2.5%
Pension members	$65,510	$64,330	$65,659	$68,253	$112,050	71%
Other Revenue	$0	-$-1	$0	$0	$0	-
Total	$399,998	$405,477	$409,137	$404,262	$454,998	13.8%