Analysis: Carbondale pays $5.29 for every $1 pensioners contribute to Carbondale Police Pension Fund

By Carbondale Reporter

Jul 3, 2020

Taxpayers contributed 84.1 percent of the $3,517,260 the Carbondale Police Pension Fund brought in 2018, or $5.29 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, Carbondale contributed $2,958,276 to the fund, which saw a $548,843 increase in revenue over 2017. Members contributed $558,972, or 15.9 percent, in 2018. Another $12 came from other unspecified sources.

Carbondale Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,953,413	$2,029,328	$2,175,859	$2,514,224	$2,958,276	51.4%
Pension members	$388,084	$397,658	$393,468	$454,017	$558,972	44%
Other Revenue	$115	$0	$0	$176	$12	-89.6%
Total	$2,341,612	$2,426,986	$2,569,327	$2,968,417	$3,517,260	50.2%