Analysis: Wilmington pays $4.76 for every $1 pensioners contribute to Wilmington Police Pension Fund

By Will County Gazette

Aug 6, 2020

Taxpayers contributed 82.2 percent of the $487,719 the Wilmington Police Pension Fund brought in 2018, or $4.76 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, Wilmington contributed $400,699 to the fund, which saw a $30,621 decrease in revenue over 2017. Members contributed $84,071, or 17.2 percent, in 2018. Another $2,949 came from other unspecified sources.

Wilmington Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$274,264	$335,691	$374,680	$383,176	$400,699	46.1%
Pension members	$82,386	$86,701	$88,541	$137,315	$84,071	2%
Other Revenue	$2,435	$2,723	-$812	-$2,151	$2,949	21.1%
Total	$359,085	$425,115	$462,409	$518,340	$487,719	35.8%