Analysis: Herrin pays $8.30 for every $1 pensioners contribute to Herrin Police Pension Fund

By Local Labs News Service

May 21, 2018

Taxpayers contributed 89.2 percent of the $1,116,112 the Herrin Police Pension Fund brought in last year, or $8.30 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, Herrin contributed $996,122 to the fund, which saw a $325,253 increase in revenue over 2015. Members contributed $119,990, or 10.8 percent, in 2016.

Herrin Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$485,000	$485,000	$778,500	$643,850	$996,122	105.4%
Pension members	$96,870	$96,341	$116,280	$147,009	$119,990	23.9%
Other Revenue	$0	$0	$0	$0	$0	-
Total	$581,870	$581,341	$894,780	$790,859	$1,116,112	91.8%