In all, Summit contributed $1,628,467 to the fund, which saw a $262,568 increase in revenue over 2017. Members contributed $248,926, or 13.3 percent, in 2018.
Summit Police Pension Fund revenue over 5 years
| 2014 | 2015 | 2016 | 2017 | 2018 | Change 2014-2018 | |
|---|---|---|---|---|---|---|
| Municipality | $1,121,420 | $1,134,158 | $1,184,168 | $1,367,889 | $1,628,467 | 45.2% |
| Pension members | $222,362 | $230,325 | $229,040 | $246,936 | $248,926 | 11.9% |
| Other Revenue | $0 | $1 | -$-1 | $0 | $0 | - |
| Total | $1,343,782 | $1,364,484 | $1,413,207 | $1,614,825 | $1,877,393 | 39.7% |
Alerts Sign-up