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West Central Reporter

Friday, November 22, 2024

Analysis: Macomb pays $5.19 for every $1 pensioners contribute to Macomb Police Pension Fund

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Taxpayers contributed 83.8 percent of the $1,006,413 the Macomb Police Pension Fund brought in 2018, or $5.19 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 $843,339 to the fund, which saw a $44,268 increase in revenue over 2017. Members contributed $162,324, or 16.1 percent, in 2018. Another $750 came from other unspecified sources.

Macomb Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$480,417$506,272$507,833$800,765$843,33975.5%
Pension members$152,153$193,115$161,818$158,858$162,3246.7%
Other Revenue$892$182$596$2,522$750-15.9%
Total$633,462$699,569$670,247$962,145$1,006,41358.9%

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