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Friday, November 22, 2024

Analysis: Urbana pays $2.79 for every $1 pensioners contribute to Urbana Police Pension Fund

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Taxpayers contributed 73.6 percent of the $1,715,465 the Urbana Police Pension Fund brought in 2018, or $2.79 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 $1,263,112 to the fund, which saw a $42,658 increase in revenue over 2017. Members contributed $452,353, or 26.4 percent, in 2018.

Urbana Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$2,080,616$1,841,668$1,396,844$1,230,207$1,263,112-39.3%
Pension members$393,954$416,575$444,105$442,500$452,35314.8%
Other Revenue$0$1$0$100$0-
Total$2,474,570$2,258,244$1,840,949$1,672,807$1,715,465-30.7%

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