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Carbondale Reporter

Friday, November 22, 2024

Analysis: Carterville pays $3.01 for every $1 pensioners contribute to Carterville Police Pension Fund

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Taxpayers contributed 75.1 percent of the $126,845 the Carterville Police Pension Fund brought in last year, or $3.01 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, Carterville contributed $95,241 to the fund, which saw a $10,953 increase in revenue over 2015. Members contributed $31,604, or 24.9 percent, in 2016.

Carterville Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$109,962$64,434$64,434$81,333$95,241-13.4%
Pension members$0$27,303$34,958$34,560$31,604-
Other Revenue$0$0$0-$-1$0-
Total$109,962$91,737$99,392$115,892$126,84515.4%

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