Monee Police Pension Fund
Recent News About Monee Police Pension Fund
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Report: Monee Police Pension Fund gained $2,503 in investment income in 2018
After projecting its investments would grow by 4.8 percent, the Monee Police Pension Fund lost 0.2 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Monee Police Pension Fund would go bankrupt in 18 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Monee Police Pension Fund would have lost $105,899 in 2018, according to a Will County Gazette analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Monee pays $3.24 for every $1 pensioners contribute to Monee Police Pension Fund
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.
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Report: 35.2% of Monee Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 35.2 percent of the Monee Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Average pensioner in Monee Police Pension Fund earns $66,446 per year
The Monee Police Pension Fund had 12 active participants receiving an average salary of $66,446 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Monee Police Pension Fund gained $33,488 in investment income in 2016
After projecting its investments would grow by 5.00 percent, the Monee Police Pension Fund netted 2.46 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Monee pays $2.22 for every $1 pensioners contribute to Monee Police Pension Fund
Taxpayers contributed 68.6 percent of the $318,554 the Monee Police Pension Fund brought in last year, or $2.22 for every $1 from pension members.
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Report: 34.9% of Monee Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 34.9 percent of the Monee Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Will County pension funds: Where do taxpayers contribute least?
Government pension funds in Elwood, Manhattan and Peotone depended least on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Rankings: 10 worst funded pensions in Will County
Peotone, Manhattan and Monee have government pension funds with the lowest funding levels in Will County, according to the Illinois Department of Insurance.
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Rankings: 100 worst funded pensions in Illinois
Peotone, Manhattan and Monee have government pension funds with the lowest funding levels in Illinois, according to the Illinois Department of Insurance.
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Analysis: Will County fire, police pension funds paid $40 million, lost $647K on investments in 2016
Will County’s 38 police and fire pension funds paid out a total of $40,749,996 in benefits to 667 retirees and inactive recipients in 2016 while losing $647,696 on their investments, according to a Will County Gazette analysis of the funds' mandated financial filings with the Illinois Department of Insurance.