Analysis: Quincy pays $5.19 for every $1 pensioners contribute to Quincy Police Pension Fund

By Quincy Reporter

Jul 3, 2020

Taxpayers contributed 83.9 percent of the $3,365,720 the Quincy Police Pension Fund brought in 2018, or $5.19 for every $1 from pension members, according to a Quincy Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Quincy contributed $2,822,719 to the fund, which saw a $458,982 increase in revenue over 2017. Members contributed $543,001, or 16.1 percent, in 2018.

Quincy Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,712,630	$1,889,890	$2,126,886	$2,404,913	$2,822,719	64.8%
Pension members	$486,757	$543,579	$534,438	$501,824	$543,001	11.6%
Other Revenue	$1,241	-$-1	$0	$1	$0	-100%
Total	$2,200,628	$2,433,468	$2,661,324	$2,906,738	$3,365,720	52.9%