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Galesburg Reporter

Friday, November 22, 2024

Report: Average pensioner in Galesburg Police Pension Fund earns $65,623 per year

Salary06

The Galesburg Police Pension Fund had 48 active participants receiving an average salary of $65,623 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.

The DOI biennial report shows active Galesburg Police Pension Fund participants earned $3,149,901 in total salaries in 2016.

Statewide, there are 591,687 active pensioners in the state's 666 public retirement systems and pension funds. The average salary is $56,467. In all, active pension fund participants earned $18,095,309,637 in total salaries.

Galesburg Police Pension Fund average salary over 5 years
20122013201420152016Change 2012-2016
Active pensioners5251495048-4
Average salary$57,303$60,771$62,332$63,939$65,623$8,320

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