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Will County Gazette

Monday, November 4, 2024

Analysis: Plainfield pays $1.93 for every $1 pensioners contribute to Plainfield Police Pension Fund

Budget 07

Taxpayers contributed 65.3 percent of the $1,451,867 the Plainfield Police Pension Fund brought in last year, or $1.93 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, Plainfield contributed $948,549 to the fund, which saw a $23,067 increase in revenue over 2015. Members contributed $490,958, or 33.8 percent, in 2016. Another $12,360 came from other unspecified sources.

Plainfield Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$897,431$888,578$886,519$918,418$948,5495.7%
Pension members$443,087$546,037$497,545$501,861$490,95810.8%
Other Revenue$0-$2,342-$6,696$8,521$12,360-
Total$1,340,518$1,432,273$1,377,368$1,428,800$1,451,8678.3%

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