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Friday, November 22, 2024

Analysis: Eldorado pays $2.29 for every $1 pensioners contribute to Eldorado Police Pension Fund

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Taxpayers contributed 69.6 percent of the $98,932 the Eldorado Police Pension Fund brought in last year, or $2.29 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, Eldorado contributed $68,873 to the fund, which saw a $5,236 increase in revenue over 2015. Members contributed $30,058, or 30.4 percent, in 2016. Another $1 came from other unspecified sources.

Eldorado Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$70,458$74,513$75,467$63,362$68,873-2.2%
Pension members$30,109$30,059$30,694$30,335$30,058-0.2%
Other Revenue$0$0$0-$-1$1-
Total$100,567$104,572$106,161$93,696$98,932-1.6%

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