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Will County Gazette

Friday, April 26, 2024

Analysis: Peotone pays $3.90 for every $1 pensioners contribute to Peotone Police Pension Fund

Budget06

Taxpayers contributed 79.6 percent of the $214,809 the Peotone Police Pension Fund brought in last year, or $3.90 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, Peotone contributed $171,034 to the fund, which saw a $14,769 increase in revenue over 2015. Members contributed $43,775, or 20.4 percent, in 2016.

Peotone Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$138,691$150,491$158,476$159,842$171,03423.3%
Pension members$55,227$56,293$51,303$40,198$43,775-20.7%
Other Revenue$0$0$1$0$0-
Total$193,918$206,784$209,780$200,040$214,80910.8%

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