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Metro East Sun

Friday, November 22, 2024

Analysis: Jerseyville pays $5.24 for every $1 pensioners contribute to Jerseyville Police Pension Fund

Budget 02

Taxpayers contributed 84 percent of the $600,123 the Jerseyville Police Pension Fund brought in 2018, or $5.24 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, Jerseyville contributed $503,971 to the fund, which saw a $29,472 decrease in revenue over 2017. Members contributed $96,152, or 16 percent, in 2018.

Jerseyville Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$308,363$319,941$506,171$511,820$503,97163.4%
Pension members$79,098$86,614$89,791$117,775$96,15221.6%
Other Revenue$0$0$380$0$0-
Total$387,461$406,555$596,342$629,595$600,12354.9%

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