Analysis: Danville pays $7.03 for every $1 pensioners contribute to Danville Police Pension Fund

By Chambana Sun

Jul 7, 2020

Taxpayers contributed 87.5 percent of the $3,262,590 the Danville Police Pension Fund brought in 2018, or $7.03 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, Danville contributed $2,856,389 to the fund, which saw a $339,218 increase in revenue over 2017. Members contributed $406,201, or 12.5 percent, in 2018.

Danville Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,586,574	$1,886,266	$1,930,255	$2,496,971	$2,856,389	80%
Pension members	$378,366	$441,189	$422,758	$426,401	$406,201	7.4%
Other Revenue	$171	$0	$0	$0	$0	-100%
Total	$1,965,111	$2,327,455	$2,353,013	$2,923,372	$3,262,590	66%