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Will County Gazette

Monday, November 4, 2024

Analysis: Joliet pays $5.26 for every $1 pensioners contribute to Joliet Police Pension Fund

Budget 10

Taxpayers contributed 83.9 percent of the $17,356,183 the Joliet Police Pension Fund brought in last year, or $5.26 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, Joliet contributed $14,559,331 to the fund, which saw a $306,926 increase in revenue over 2015. Members contributed $2,763,589, or 15.9 percent, in 2016. Another $33,263 came from other unspecified sources.

Joliet Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$11,689,752$13,307,906$13,610,557$13,884,298$14,559,33124.5%
Pension members$2,478,202$3,388,018$3,216,046$3,160,100$2,763,58911.5%
Other Revenue$172,855$131,574$20,041$4,859$33,263-80.8%
Total$14,340,809$16,827,498$16,846,644$17,049,257$17,356,18321%

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