Analysis: Plainfield pays $2.59 for every $1 pensioners contribute to Plainfield Police Pension Fund

By Will County Gazette

Jul 29, 2020

Taxpayers contributed 71.9 percent of the $1,898,558 the Plainfield Police Pension Fund brought in 2018, or $2.59 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 $1,364,479 to the fund, which saw a $277,641 increase in revenue over 2017. Members contributed $524,835, or 27.6 percent, in 2018. Another $9,244 came from other unspecified sources.

Plainfield Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$886,519	$918,418	$948,549	$1,101,142	$1,364,479	53.9%
Pension members	$497,545	$501,861	$490,958	$509,526	$524,835	5.5%
Other Revenue	-$6,696	$8,521	$12,360	$10,249	$9,244	238.1%
Total	$1,377,368	$1,428,800	$1,451,867	$1,620,917	$1,898,558	37.8%