Analysis: Channahon pays $4.28 for every $1 pensioners contribute to Channahon Police Pension Fund

By Will County Gazette

Jul 6, 2020

Taxpayers contributed 81.1 percent of the $1,000,219 the Channahon Police Pension Fund brought in 2018, or $4.28 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, Channahon contributed $811,042 to the fund, which saw a $211,286 increase in revenue over 2017. Members contributed $189,177, or 18.9 percent, in 2018.

Channahon Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$426,674	$511,620	$562,298	$582,707	$811,042	90.1%
Pension members	$160,347	$167,057	$195,170	$206,225	$189,177	18%
Other Revenue	$2,233	$0	$0	$1	$0	-100%
Total	$589,254	$678,677	$757,468	$788,933	$1,000,219	69.7%