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Carbondale Reporter

Friday, November 22, 2024

Analysis: Marion pays $4 for every $1 pensioners contribute to Marion Police Pension Fund

Budget 07

Taxpayers contributed 80 percent of the $902,936 the Marion Police Pension Fund brought in last year, or $4 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, Marion contributed $722,600 to the fund, which saw a $61,088 increase in revenue over 2015. Members contributed $180,337, or 20 percent, in 2016.

Marion Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$569,900$569,900$592,000$662,900$722,60026.8%
Pension members$156,968$165,646$173,663$178,949$180,33714.9%
Other Revenue$5,377$0$0-$-1-$-1-100%
Total$732,245$735,546$765,663$841,848$902,93623.3%

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