Analysis: Jacksonville pays $4.53 for every $1 pensioners contribute to Jacksonville Police Pension Fund

By West Central Reporter

Jul 5, 2020

Taxpayers contributed 81.9 percent of the $1,460,379 the Jacksonville Police Pension Fund brought in 2018, or $4.53 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, Jacksonville contributed $1,196,319 to the fund, which saw a $52,112 increase in revenue over 2017. Members contributed $264,059, or 18.1 percent, in 2018. Another $1 came from other unspecified sources.

Jacksonville Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$930,594	$992,848	$1,036,499	$1,116,280	$1,196,319	28.6%
Pension members	$237,532	$241,315	$254,402	$291,987	$264,059	11.2%
Other Revenue	$4,191	$413	$0	$0	$1	-100%
Total	$1,172,317	$1,234,576	$1,290,901	$1,408,267	$1,460,379	24.6%