Analysis: Crete pays $2.57 for every $1 pensioners contribute to Crete Police Pension Fund

By Local Labs News Service

May 18, 2018

Taxpayers contributed 74 percent of the $407,229 the Crete Police Pension Fund brought in last year, or $2.57 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, Crete contributed $301,401 to the fund, which saw a $23,584 decrease in revenue over 2015. Members contributed $116,921, or 28.7 percent, in 2016.

Crete Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$237,800	$223,556	$224,028	$277,041	$301,401	26.7%
Pension members	$98,062	$98,382	$102,415	$148,674	$116,921	19.2%
Other Revenue	$0	$0	$0	$5,098	-$11,093	-
Total	$335,862	$321,938	$326,443	$430,813	$407,229	21.2%