Analysis: Manhattan pays $5.31 for every $1 pensioners contribute to Manhattan Police Pension Fund

By Will County Gazette

Jul 19, 2020

Taxpayers contributed 84.2 percent of the $493,074 the Manhattan Police Pension Fund brought in 2018, or $5.31 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, Manhattan contributed $415,008 to the fund, which saw a $103,375 increase in revenue over 2017. Members contributed $78,066, or 15.8 percent, in 2018.

Manhattan Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$164,631	$211,619	$269,526	$314,724	$415,008	152.1%
Pension members	$87,642	$61,855	$72,586	$74,974	$78,066	-10.9%
Other Revenue	$0	$1	$0	$1	$0	-
Total	$252,273	$273,475	$342,112	$389,699	$493,074	95.5%