Analysis: Joliet pays $4.98 for every $1 pensioners contribute to Joliet Police Pension Fund

By Will County Gazette

Jul 15, 2020

Taxpayers contributed 83.1 percent of the $18,637,084 the Joliet Police Pension Fund brought in 2018, or $4.98 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, Joliet contributed $15,495,791 to the fund, which saw a $924,513 increase in revenue over 2017. Members contributed $3,108,245, or 16.7 percent, in 2018. Another $33,048 came from other unspecified sources.

Joliet Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$13,610,557	$13,884,298	$14,559,331	$14,779,880	$15,495,791	13.9%
Pension members	$3,216,046	$3,160,100	$2,763,589	$2,868,089	$3,108,245	-3.4%
Other Revenue	$20,041	$4,859	$33,263	$64,602	$33,048	64.9%
Total	$16,846,644	$17,049,257	$17,356,183	$17,712,571	$18,637,084	10.6%