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Will County Gazette

Thursday, November 21, 2024

Analysis: Peotone pays $3.43 for every $1 pensioners contribute to Peotone Police Pension Fund

Budget 11

Taxpayers contributed 77.5 percent of the $211,694 the Peotone Police Pension Fund brought in 2018, or $3.43 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 $163,970 to the fund, which saw a $21,347 decrease in revenue over 2017. Members contributed $47,724, or 22.5 percent, in 2018.

Peotone Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$158,476$159,842$171,034$186,247$163,9703.5%
Pension members$51,303$40,198$43,775$46,794$47,724-7%
Other Revenue$1$0$0$0$0-100%
Total$209,780$200,040$214,809$233,041$211,6940.9%

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