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Metro East Sun

Monday, December 23, 2024

Analysis: Glen Carbon pays $4.04 for every $1 pensioners contribute to Glen Carbon Police Pension Fund

Budget 11

Taxpayers contributed 80.2 percent of the $563,977 the Glen Carbon Police Pension Fund brought in 2018, or $4.04 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, Glen Carbon contributed $452,209 to the fund, which saw a $39,574 decrease in revenue over 2017. Members contributed $111,768, or 19.8 percent, in 2018.

Glen Carbon Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$263,303$293,833$359,755$372,761$452,20971.7%
Pension members$116,499$120,797$141,425$230,790$111,768-4.1%
Other Revenue$13,829-$21,240$1,701$0$0-100%
Total$393,631$393,390$502,881$603,551$563,97743.3%

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