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Rantoul Police Pension Fund
333 S Tanner St
Rantoul, IL 61866-2919
Rantoul Police Pension Fund News
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Rantoul Police Pension Fund Board met Tuesday, July 24.
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After projecting its investments would grow by 6.75 percent, the Rantoul Police Pension Fund netted 0.43 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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The Rantoul Police Pension Fund had 30 active participants receiving an average salary of $73,369 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Taxpayers contributed 75.9 percent of the $900,623 the Rantoul Police Pension Fund brought in last year, or $3.14 for every $1 from pension members.
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Without members and taxpayers subsidizing its revenue, Rantoul Police Pension Fund lost $1,047,630 in 2016, according to a Chambana Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 65.9 percent of the Rantoul Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Government pension funds in Hoopeston, Mahomet and Monticello depended least on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Government pension funds in Champaign, Danville and Urbana depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Danville, Monticello and Mahomet have government pension funds with the lowest funding levels in Greater C-U, according to the Illinois Department of Insurance.
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Urbana, Champaign and Rantoul have government pension funds with the highest funding levels in Greater C-U, according to the Illinois Department of Insurance.
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Champaign County’s eight police and fire pension funds paid out a total of $16,608,195 in benefits to 345 retirees and inactive recipients in 2016 while making $4.47 million on their investments, according to a Chambana Sun analysis of the funds' mandated financial filings with the Illinois Department of Insurance.
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Rantoul Police Pension Fund met at 3 p.m. Tuesday, April 25.
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The Rantoul Police Pension Fund met Sept. 1 to appoint an administrator.
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The Rantoul Police Pension Fund Board met Friday to approve annual reports.
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The Rantoul Police Pension Board will meet Thursday to review a contract for actuarial and reporting services.
