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Carbondale Reporter

Tuesday, November 5, 2024

Analysis: Murphysboro pays $2.91 for every $1 pensioners contribute to Murphysboro Police Pension Fund

Budget007

Taxpayers contributed 74.4 percent of the $443,564 the Murphysboro Police Pension Fund brought in last year, or $2.91 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, Murphysboro contributed $330,233 to the fund, which saw a $71,796 increase in revenue over 2015. Members contributed $113,331, or 25.6 percent, in 2016.

Murphysboro Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$356,119$376,520$360,524$302,869$330,233-7.3%
Pension members$75,821$69,981$68,419$68,899$113,33149.5%
Other Revenue-$-1$0$2,486$0$0100%
Total$431,939$446,501$431,429$371,768$443,5642.7%

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