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Monday, December 23, 2024

Analysis: Lincoln pays $3.06 for every $1 pensioners contribute to Lincoln Police Pension Fund

Budget 11

Taxpayers contributed 73.9 percent of the $834,373 the Lincoln Police Pension Fund brought in last year, or $3.06 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, Lincoln contributed $616,437 to the fund, which saw a $45,139 increase in revenue over 2015. Members contributed $201,349, or 24.1 percent, in 2016. Another $16,587 came from other unspecified sources.

Lincoln Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$473,372$489,012$572,209$639,929$616,43730.2%
Pension members$134,204$139,333$157,683$152,714$201,34950%
Other Revenue$42$2,130-$2,778-$3,409$16,58739392.9%
Total$607,618$630,475$727,114$789,234$834,37337.3%

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