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Friday, November 22, 2024

Analysis: Urbana pays $3.14 for every $1 pensioners contribute to Urbana Police Pension Fund

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Taxpayers contributed 75.9 percent of the $1,840,949 the Urbana Police Pension Fund brought in last year, or $3.14 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, Urbana contributed $1,396,844 to the fund, which saw a $417,295 decrease in revenue over 2015. Members contributed $444,105, or 24.1 percent, in 2016.

Urbana Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,980,275$2,138,159$2,080,616$1,841,668$1,396,844-29.5%
Pension members$560,910$385,590$393,954$416,575$444,105-20.8%
Other Revenue$0$1$0$1$0-
Total$2,541,185$2,523,750$2,474,570$2,258,244$1,840,949-27.6%

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