In all, Summit contributed $1,184,168 to the fund, which saw a $48,723 increase in revenue over 2015. Members contributed $229,040, or 16.2 percent, in 2016.
Summit Police Pension Fund revenue over 5 years
| 2012 | 2013 | 2014 | 2015 | 2016 | Change 2012-2016 | |
|---|---|---|---|---|---|---|
| Municipality | $652,564 | $851,224 | $1,121,420 | $1,134,158 | $1,184,168 | 81.5% |
| Pension members | $210,760 | $200,661 | $222,362 | $230,325 | $229,040 | 8.7% |
| Other Revenue | $0 | $0 | $0 | $1 | -$-1 | - |
| Total | $863,324 | $1,051,885 | $1,343,782 | $1,364,484 | $1,413,207 | 63.7% |
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