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Macon Reporter

Thursday, November 21, 2024

Analysis: Mount Zion pays $8.35 for every $1 pensioners contribute to Mt Zion Police Pension Fund

Budget 06

Taxpayers contributed 89.3 percent of the $331,838 the Mt Zion Police Pension Fund brought in last year, or $8.35 for every $1 from pension members, according to a Macon Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Mount Zion contributed $296,358 to the fund, which saw a $132,097 increase in revenue over 2015. Members contributed $35,480, or 10.7 percent, in 2016.

Mt Zion Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$126,576$88,241$75,491$152,313$296,358134.1%
Pension members$29,164$42,045$34,928$47,428$35,48021.7%
Other Revenue$0$0$0$0$0-
Total$155,740$130,286$110,419$199,741$331,838113.1%

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