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Friday, November 22, 2024

Analysis: Champaign pays $5.08 for every $1 pensioners contribute to Champaign Police Pension Fund

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Taxpayers contributed 83.6 percent of the $6,800,302 the Champaign Police Pension Fund brought in 2018, or $5.08 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 $5,682,245 to the fund, which saw a $307,018 increase in revenue over 2017. Members contributed $1,118,057, or 16.4 percent, in 2018.

Champaign Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$4,642,152$4,821,859$5,455,503$5,514,045$5,682,24522.4%
Pension members$975,387$927,339$1,044,350$978,691$1,118,05714.6%
Other Revenue$468$1,932$2,366$548$0-100%
Total$5,618,007$5,751,130$6,502,219$6,493,284$6,800,30221%

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