Analysis: Channahon pays $2.88 for every $1 pensioners contribute to Channahon Police Pension Fund

By Local Labs News Service

May 17, 2018

Taxpayers contributed 74.2 percent of the $757,468 the Channahon Police Pension Fund brought in last year, or $2.88 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, Channahon contributed $562,298 to the fund, which saw a $78,791 increase in revenue over 2015. Members contributed $195,170, or 25.8 percent, in 2016.

Channahon Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$374,702	$414,165	$426,674	$511,620	$562,298	50.1%
Pension members	$164,307	$167,887	$160,347	$167,057	$195,170	18.8%
Other Revenue	$0	$0	$2,233	$0	$0	-
Total	$539,009	$582,052	$589,254	$678,677	$757,468	40.5%