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SE Illinois News

Tuesday, November 5, 2024

Analysis: Carmi pays $5.21 for every $1 pensioners contribute to Carmi Police Pension Fund

Budget 09

Taxpayers contributed 81.9 percent of the $351,478 the Carmi Police Pension Fund brought in last year, or $5.21 for every $1 from pension members, according to a SE Illinois News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Carmi contributed $287,823 to the fund, which saw a $28,534 increase in revenue over 2015. Members contributed $55,201, or 15.7 percent, in 2016. Another $8,454 came from other unspecified sources.

Carmi Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$239,433$214,822$229,936$277,855$287,82320.2%
Pension members$46,111$43,858$36,632$45,088$55,20119.7%
Other Revenue-$-1-$-1$0$1$8,454845500%
Total$285,543$258,679$266,568$322,944$351,47823.1%

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