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Will County Gazette

Friday, November 22, 2024

Analysis: Mokena pays $5.30 for every $1 pensioners contribute to Mokena Police Pension Fund

Budget 10

Taxpayers contributed 84.1 percent of the $1,599,476 the Mokena Police Pension Fund brought in last year, or $5.30 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, Mokena contributed $1,345,938 to the fund, which saw a $607,357 increase in revenue over 2015. Members contributed $253,539, or 15.9 percent, in 2016.

Mokena Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$611,909$695,152$684,880$731,602$1,345,938120%
Pension members$231,663$225,314$335,638$248,267$253,5399.4%
Other Revenue$38,498-$344,198$44,736$12,250-$-1-100%
Total$882,070$576,268$1,065,254$992,119$1,599,47681.3%

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