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Friday, November 22, 2024

Analysis: Carmi pays $6.79 for every $1 pensioners contribute to Carmi Police Pension Fund

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Taxpayers contributed 87.2 percent of the $411,245 the Carmi Police Pension Fund brought in 2018, or $6.79 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 $358,479 to the fund, which saw a $61,184 increase in revenue over 2017. Members contributed $52,765, or 12.8 percent, in 2018. Another $1 came from other unspecified sources.

Carmi Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$229,936$277,855$287,823$298,742$358,47955.9%
Pension members$36,632$45,088$55,201$49,667$52,76544%
Other Revenue$0$1$8,454$1,652$1-
Total$266,568$322,944$351,478$350,061$411,24554.3%

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