Quantcast

Will County Gazette

Sunday, December 22, 2024

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

Budget 10

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
20142015201620172018Change 2014-2018
Municipality$426,674$511,620$562,298$582,707$811,04290.1%
Pension members$160,347$167,057$195,170$206,225$189,17718%
Other Revenue$2,233$0$0$1$0-100%
Total$589,254$678,677$757,468$788,933$1,000,21969.7%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS