Quantcast

NW Illinois News

Saturday, November 23, 2024

Analysis: Sterling pays $6.46 for every $1 pensioners contribute to Sterling Police Pension Fund

Budget007

Taxpayers contributed 86.6 percent of the $1,243,640 the Sterling Police Pension Fund brought in 2018, or $6.46 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, Sterling contributed $1,077,067 to the fund, which saw a $95,469 increase in revenue over 2017. Members contributed $166,561, or 13.4 percent, in 2018. Another $12 came from other unspecified sources.

Sterling Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$601,394$645,238$703,470$997,120$1,077,06779.1%
Pension members$169,625$166,568$173,505$150,950$166,561-1.8%
Other Revenue$0$20$1$101$12-
Total$771,019$811,826$876,976$1,148,171$1,243,64061.3%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS