Analysis: Mount Carmel pays $4.40 for every $1 pensioners contribute to Mt Carmel Police Pension Fund

By Local Labs News Service

May 22, 2018

Taxpayers contributed 81.5 percent of the $279,520 the Mt Carmel Police Pension Fund brought in last year, or $4.40 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, Mount Carmel contributed $227,832 to the fund, which saw a $28,979 increase in revenue over 2015. Members contributed $51,688, or 18.5 percent, in 2016.

Mt Carmel Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$173,394	$172,847	$193,446	$200,438	$227,832	31.4%
Pension members	$52,012	$51,333	$48,409	$50,103	$51,688	-0.6%
Other Revenue	-$-1	$1	-$-1	$0	$0	100%
Total	$225,405	$224,181	$241,854	$250,541	$279,520	24%