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Macon Reporter

Monday, November 25, 2024

Analysis: Mount Zion pays $7.47 for every $1 pensioners contribute to Mount Zion Police Pension Fund

Budget 01

Taxpayers contributed 88.2 percent of the $441,001 the Mount Zion Police Pension Fund brought in 2018, or $7.47 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 $388,836 to the fund, which saw a $21,935 increase in revenue over 2017. Members contributed $51,987, or 11.8 percent, in 2018. Another $178 came from other unspecified sources.

Mount Zion Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$75,491$152,313$296,358$365,533$388,836415.1%
Pension members$34,928$47,428$35,480$53,533$51,98748.8%
Other Revenue$0$0$0$0$178-
Total$110,419$199,741$331,838$419,066$441,001299.4%

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