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West Central Reporter

Friday, November 22, 2024

Analysis: Macomb pays $3.13 for every $1 pensioners contribute to Macomb Police Pension Fund

Budget 06

Taxpayers contributed 75.8 percent of the $670,247 the Macomb Police Pension Fund brought in last year, or $3.13 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, Macomb contributed $507,833 to the fund, which saw a $29,322 decrease in revenue over 2015. Members contributed $161,818, or 24.1 percent, in 2016. Another $596 came from other unspecified sources.

Macomb Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$492,577$391,944$480,417$506,272$507,8333.1%
Pension members$148,305$151,660$152,153$193,115$161,8189.1%
Other Revenue$650$13,322$892$182$596-8.3%
Total$641,532$556,926$633,462$699,569$670,2474.5%

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