Analysis: Carbondale pays $5.52 for every $1 pensioners contribute to Carbondale Police Pension Fund

By Local Labs News Service

May 16, 2018

Taxpayers contributed 84.7 percent of the $2,569,327 the Carbondale Police Pension Fund brought in last year, or $5.52 for every $1 from pension members, according to a Carbondale Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Carbondale contributed $2,175,859 to the fund, which saw a $142,341 increase in revenue over 2015. Members contributed $393,468, or 15.3 percent, in 2016.

Carbondale Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,394,299	$1,520,988	$1,953,413	$2,029,328	$2,175,859	56.1%
Pension members	$363,340	$358,114	$388,084	$397,658	$393,468	8.3%
Other Revenue	$0	$63	$115	$0	$0	-
Total	$1,757,639	$1,879,165	$2,341,612	$2,426,986	$2,569,327	46.2%