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Tuesday, December 24, 2024

Analysis: Dixon pays $2.96 for every $1 pensioners contribute to Dixon Police Pension Fund

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Taxpayers contributed 75.3 percent of the $802,142 the Dixon Police Pension Fund brought in last year, or $2.96 for every $1 from pension members, according to a NW Illinois News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Dixon contributed $603,612 to the fund, which saw a $63,427 increase in revenue over 2015. Members contributed $203,509, or 25.4 percent, in 2016.

Dixon Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$433,597$443,397$476,189$525,350$603,61239.2%
Pension members$179,432$187,704$221,639$212,422$203,50913.4%
Other Revenue$0-$9,604$3,376$943-$4,979-
Total$613,029$621,497$701,204$738,715$802,14230.8%

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