Analysis: Springfield pays $4.90 for every $1 pensioners contribute to Springfield Police Pension Fund

By Sangamon Sun

Jul 8, 2020

Taxpayers contributed 83.1 percent of the $12,180,358 the Springfield Police Pension Fund brought in 2018, or $4.90 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 $10,116,706 to the fund, which saw a $337,718 increase in revenue over 2017. Members contributed $2,063,652, or 16.9 percent, in 2018.

Springfield Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$8,519,086	$9,608,968	$9,050,592	$9,942,505	$10,116,706	18.8%
Pension members	$1,851,508	$1,956,068	$1,895,118	$1,900,135	$2,063,652	11.5%
Other Revenue	-$165,705	$301	$7,757	$0	$0	100%
Total	$10,204,889	$11,565,337	$10,953,467	$11,842,640	$12,180,358	19.4%