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Metro East Sun

Friday, November 22, 2024

Analysis: Edwardsville pays $2.99 for every $1 pensioners contribute to Edwardsville Police Pension Fund

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Taxpayers contributed 75 percent of the $1,342,067 the Edwardsville Police Pension Fund brought in 2018, or $2.99 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 $1,006,359 to the fund, which saw a $68,226 increase in revenue over 2017. Members contributed $335,489, or 25 percent, in 2018. Another $219 came from other unspecified sources.

Edwardsville Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$817,654$875,430$920,192$937,674$1,006,35923.1%
Pension members$290,534$340,665$328,541$332,966$335,48915.5%
Other Revenue$5,666-$471$6,280$3,201$219-96.1%
Total$1,113,854$1,215,624$1,255,013$1,273,841$1,342,06720.5%

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