Quantcast

Will County Gazette

Friday, November 22, 2024

Analysis: Mokena pays $3.11 for every $1 pensioners contribute to Mokena Police Pension Fund

Adobestock 219497335

Taxpayers contributed 75.7 percent of the $1,040,682 the Mokena Police Pension Fund brought in 2018, or $3.11 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, Mokena contributed $787,552 to the fund, which saw a $49,042 increase in revenue over 2017. Members contributed $253,116, or 24.3 percent, in 2018. Another $14 came from other unspecified sources.

Mokena Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$684,880$731,602$1,345,938$739,438$787,55215%
Pension members$335,638$248,267$253,539$252,203$253,116-24.6%
Other Revenue$44,736$12,250-$-1-$-1$14-100%
Total$1,065,254$992,119$1,599,476$991,640$1,040,682-2.3%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS