Analysis: Monee pays $3.24 for every $1 pensioners contribute to Monee Police Pension Fund

By Will County Gazette

Jul 22, 2020

Taxpayers contributed 76 percent of the $394,482 the Monee Police Pension Fund brought in 2018, or $3.24 for every $1 from pension members, according to a Will County Gazette analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Monee contributed $299,853 to the fund, which saw a $94,183 increase in revenue over 2017. Members contributed $92,465, or 23.4 percent, in 2018. Another $2,164 came from other unspecified sources.

Monee Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$154,034	$195,448	$218,539	$213,515	$299,853	94.7%
Pension members	$62,586	$66,655	$98,039	$84,529	$92,465	47.7%
Other Revenue	$0	$3,136	$1,976	$2,255	$2,164	-
Total	$216,620	$265,239	$318,554	$300,299	$394,482	82.1%