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Sangamon Sun

Friday, November 22, 2024

Analysis: Chatham pays $3.01 for every $1 pensioners contribute to Chatham Police Pension Fund

Budget 06

Taxpayers contributed 75.1 percent of the $434,865 the Chatham Police Pension Fund brought in last year, or $3.01 for every $1 from pension members, according to a Sangamon Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Chatham contributed $326,628 to the fund, which saw a $13,964 decrease in revenue over 2015. Members contributed $108,237, or 24.9 percent, in 2016.

Chatham Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$275,939$327,890$289,264$341,113$326,62818.4%
Pension members$113,594$100,729$121,633$107,716$108,237-4.7%
Other Revenue$14$0$1$0$0-100%
Total$389,547$428,619$410,898$448,829$434,86511.6%

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