Analysis: Mokena pays $3.03 for every $1 pensioners contribute to Mokena FPD Firefighters Pension Fund

By Will County Gazette

Jul 20, 2020

Taxpayers contributed 73 percent of the $1,306,624 the Mokena FPD Firefighters Pension Fund brought in 2018, or $3.03 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 $954,180 to the fund, which saw a $165,929 increase in revenue over 2017. Members contributed $314,827, or 24.1 percent, in 2018. Another $37,617 came from other unspecified sources.

Mokena FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$706,256	$633,112	$817,688	$823,215	$954,180	35.1%
Pension members	$278,894	$291,037	$303,440	$310,396	$314,827	12.9%
Other Revenue	$0	$0	$20,609	$7,084	$37,617	-
Total	$985,150	$924,149	$1,141,737	$1,140,695	$1,306,624	32.6%