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Friday, January 24, 2025

Analysis: Dixon pays $3.89 for every $1 pensioners contribute to Dixon Police Pension Fund

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Taxpayers contributed 79.3 percent of the $1,016,572 the Dixon Police Pension Fund brought in 2018, or $3.89 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 $806,549 to the fund, which saw a $21,878 decrease in revenue over 2017. Members contributed $207,122, or 20.4 percent, in 2018. Another $2,901 came from other unspecified sources.

Dixon Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$476,189$525,350$603,612$812,591$806,54969.4%
Pension members$221,639$212,422$203,509$224,736$207,122-6.5%
Other Revenue$3,376$943-$4,979$1,123$2,901-14.1%
Total$701,204$738,715$802,142$1,038,450$1,016,57245%

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