Analysis: Rantoul pays $51.52 for every $1 pensioners contribute to Rantoul Police Pension Fund

By Chambana Sun

Jul 12, 2020

Taxpayers contributed 97.1 percent of the $11,603,939 the Rantoul Police Pension Fund brought in 2018, or $51.52 for every $1 from pension members, according to a Chambana Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Rantoul contributed $11,268,316 to the fund, which saw a $10,660,599 increase in revenue over 2017. Members contributed $218,678, or 1.9 percent, in 2018. Another $116,945 came from other unspecified sources.

Rantoul Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$591,606	$613,080	$683,547	$723,112	$11,268,316	1804.7%
Pension members	$204,654	$208,736	$217,076	$220,226	$218,678	6.9%
Other Revenue	$0	$0	$0	$2	$116,945	-
Total	$796,260	$821,816	$900,623	$943,340	$11,603,939	1357.3%