Analysis: Frankfort pays $3.86 for every $1 pensioners contribute to Frankfort Police Pension Fund

By Will County Gazette

Jul 12, 2020

Taxpayers contributed 78.7 percent of the $1,247,200 the Frankfort Police Pension Fund brought in 2018, or $3.86 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, Frankfort contributed $981,772 to the fund, which saw a $109,284 increase in revenue over 2017. Members contributed $254,028, or 20.4 percent, in 2018. Another $11,400 came from other unspecified sources.

Frankfort Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$668,565	$774,820	$836,569	$890,526	$981,772	46.8%
Pension members	$211,764	$228,686	$253,766	$248,346	$254,028	20%
Other Revenue	$9	-$799	$2,793	-$956	$11,400	126566.7%
Total	$880,338	$1,002,707	$1,093,128	$1,137,916	$1,247,200	41.7%