Analysis: Granite City pays $27.55 for every $1 pensioners contribute to Granite City Police Pension Fund

By Metro East Sun

Jul 23, 2020

Taxpayers contributed 96.5 percent of the $11,296,877 the Granite City Police Pension Fund brought in 2018, or $27.55 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, Granite City contributed $10,901,273 to the fund, which saw a $9,571,255 increase in revenue over 2017. Members contributed $395,548, or 3.5 percent, in 2018. Another $56 came from other unspecified sources.

Granite City Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,059,167	$1,241,955	$1,322,316	$1,321,026	$10,901,273	929.2%
Pension members	$388,828	$419,702	$402,882	$404,596	$395,548	1.7%
Other Revenue	$18	$0	$1	$0	$56	211.1%
Total	$1,448,013	$1,661,657	$1,725,199	$1,725,622	$11,296,877	680.2%