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Sangamon Sun

Friday, November 22, 2024

Analysis: Chatham pays $4.49 for every $1 pensioners contribute to Chatham Police Pension Fund

Budget 10

Taxpayers contributed 81.8 percent of the $648,588 the Chatham Police Pension Fund brought in 2018, or $4.49 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 $530,523 to the fund, which saw a $27,137 increase in revenue over 2017. Members contributed $118,016, or 18.2 percent, in 2018. Another $49 came from other unspecified sources.

Chatham Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$289,264$341,113$326,628$510,127$530,52383.4%
Pension members$121,633$107,716$108,237$111,324$118,016-3%
Other Revenue$1$0$0$0$494800%
Total$410,898$448,829$434,865$621,451$648,58857.8%

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