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Friday, November 22, 2024

Analysis: Champaign pays $5.22 for every $1 pensioners contribute to Champaign Police Pension Fund

Budget 10

Taxpayers contributed 83.9 percent of the $6,502,219 the Champaign Police Pension Fund brought in last year, or $5.22 for every $1 from pension members, according to a Chambana Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Champaign contributed $5,455,503 to the fund, which saw a $751,089 increase in revenue over 2015. Members contributed $1,044,350, or 16.1 percent, in 2016. Another $2,366 came from other unspecified sources.

Champaign Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$4,108,746$4,327,098$4,642,152$4,821,859$5,455,50332.8%
Pension members$831,375$977,969$975,387$927,339$1,044,35025.6%
Other Revenue$282$905$468$1,932$2,366739%
Total$4,940,403$5,305,972$5,618,007$5,751,130$6,502,21931.6%

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