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Monday, November 4, 2024

Analysis: Springfield pays $4.77 for every $1 pensioners contribute to Springfield Police Pension Fund

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Taxpayers contributed 82.6 percent of the $10,953,467 the Springfield Police Pension Fund brought in last year, or $4.77 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, Springfield contributed $9,050,592 to the fund, which saw a $611,870 decrease in revenue over 2015. Members contributed $1,895,118, or 17.3 percent, in 2016. Another $7,757 came from other unspecified sources.

Springfield Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$8,550,262$8,344,957$8,519,086$9,608,968$9,050,5925.9%
Pension members$1,964,961$1,861,870$1,851,508$1,956,068$1,895,118-3.6%
Other Revenue$75,404$4,176-$165,705$301$7,757-89.7%
Total$10,590,627$10,211,003$10,204,889$11,565,337$10,953,4673.4%

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