Analysis: Channahon pays $3.28 for every $1 pensioners contribute to Channahon Fire Protection District Firefighters Pension Fund

By Will County Gazette

Jul 5, 2020

Taxpayers contributed 76 percent of the $544,366 the Channahon Fire Protection District Firefighters Pension Fund brought in 2018, or $3.28 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 $413,954 to the fund, which saw a $19,954 increase in revenue over 2017. Members contributed $126,175, or 23.2 percent, in 2018. Another $4,237 came from other unspecified sources.

Channahon Fire Protection District Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$372,972	$387,053	$394,190	$402,137	$413,954	11%
Pension members	$93,308	$95,743	$113,864	$122,275	$126,175	35.2%
Other Revenue	$0	-$-1	-$-1	$0	$4,237	-
Total	$466,280	$482,795	$508,053	$524,412	$544,366	16.7%