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Will County Gazette

Sunday, December 22, 2024

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

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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
20142015201620172018Change 2014-2018
Municipality$274,264$335,691$374,680$383,176$400,69946.1%
Pension members$82,386$86,701$88,541$137,315$84,0712%
Other Revenue$2,435$2,723-$812-$2,151$2,94921.1%
Total$359,085$425,115$462,409$518,340$487,71935.8%

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