Analysis: Alton pays $6.71 for every $1 pensioners contribute to Alton Police Pension Fund

By Metro East Sun

Jul 3, 2020

Taxpayers contributed 87 percent of the $3,449,541 the Alton Police Pension Fund brought in 2018, or $6.71 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, Alton contributed $3,002,272 to the fund, which saw a $105,649 increase in revenue over 2017. Members contributed $447,269, or 13 percent, in 2018.

Alton Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,529,427	$2,335,246	$3,069,684	$2,907,295	$3,002,272	18.7%
Pension members	$411,535	$410,047	$419,745	$436,548	$447,269	8.7%
Other Revenue	$42,969	$48,967	$41,997	$49	$0	-100%
Total	$2,983,931	$2,794,260	$3,531,426	$3,343,892	$3,449,541	15.6%