Analysis: Herrin pays $8.26 for every $1 pensioners contribute to Herrin Police Pension Fund

By Carbondale Reporter

Jul 8, 2020

Taxpayers contributed 89.2 percent of the $1,348,775 the Herrin Police Pension Fund brought in 2018, or $8.26 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 $1,203,238 to the fund, which saw a $203,423 increase in revenue over 2017. Members contributed $145,538, or 10.8 percent, in 2018.

Herrin Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$778,500	$643,850	$996,122	$995,972	$1,203,238	54.6%
Pension members	$116,280	$147,009	$119,990	$149,381	$145,538	25.2%
Other Revenue	$0	$0	$0	-$-1	-$-1	-
Total	$894,780	$790,859	$1,116,112	$1,145,352	$1,348,775	50.7%