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
2014 | 2015 | 2016 | 2017 | 2018 | Change 2014-2018 | |
---|---|---|---|---|---|---|
Municipality | $480,417 | $506,272 | $507,833 | $800,765 | $843,339 | 75.5% |
Pension members | $152,153 | $193,115 | $161,818 | $158,858 | $162,324 | 6.7% |
Other Revenue | $892 | $182 | $596 | $2,522 | $750 | -15.9% |
Total | $633,462 | $699,569 | $670,247 | $962,145 | $1,006,413 | 58.9% |