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Sangamon Sun

Tuesday, November 5, 2024

Analysis: Lincoln pays $4.46 for every $1 pensioners contribute to Lincoln Police Pension Fund

Budget06

Taxpayers contributed 82.4 percent of the $892,620 the Lincoln Police Pension Fund brought in 2018, or $4.46 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 $735,297 to the fund, which saw a $105,547 increase in revenue over 2017. Members contributed $164,796, or 18.5 percent, in 2018.

Lincoln Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$572,209$639,929$616,437$625,278$735,29728.5%
Pension members$157,683$152,714$201,349$160,086$164,7964.5%
Other Revenue-$2,778-$3,409$16,587$1,709-$7,473-169%
Total$727,114$789,234$834,373$787,073$892,62022.8%

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