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SE Illinois News

Friday, November 22, 2024

Analysis: Harrisburg pays $5.66 for every $1 pensioners contribute to Harrisburg Police Pension Fund

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Taxpayers contributed 85 percent of the $491,653 the Harrisburg Police Pension Fund brought in 2018, or $5.66 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, Harrisburg contributed $417,886 to the fund, which saw a $10,088 increase in revenue over 2017. Members contributed $73,767, or 15 percent, in 2018.

Harrisburg Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$471,758$527,299$432,293$392,278$417,886-11.4%
Pension members$87,645$72,794$80,198$89,287$73,767-15.8%
Other Revenue$0$0$0$0$0-
Total$559,403$600,093$512,491$481,565$491,653-12.1%

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