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West Central Reporter

Friday, November 22, 2024

Analysis: Beardstown pays $6.92 for every $1 pensioners contribute to Beardstown Police Pension Fund

Budget 02

Taxpayers contributed 87.4 percent of the $185,305 the Beardstown Police Pension Fund brought in last year, or $6.92 for every $1 from pension members, according to a West Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Beardstown contributed $161,919 to the fund, which saw a $9,484 decrease in revenue over 2015. Members contributed $23,387, or 12.6 percent, in 2016.

Beardstown Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$84,840$88,508$158,289$165,215$161,91990.9%
Pension members$17,692$22,058$27,512$29,574$23,38732.2%
Other Revenue$0$0$0$0-$-1-
Total$102,532$110,566$185,801$194,789$185,30580.7%

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