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Chambana Sun

Tuesday, November 5, 2024

Analysis: Mahomet pays $3.70 for every $1 pensioners contribute to Mahomet Police Pension Fund

Budget 09

Taxpayers contributed 78.8 percent of the $183,618 the Mahomet Police Pension Fund brought in last year, or $3.70 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, Mahomet contributed $144,627 to the fund, which saw a $71,417 decrease in revenue over 2015. Members contributed $38,991, or 21.2 percent, in 2016.

Mahomet Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$28,483$224,731$221,839$217,260$144,627407.8%
Pension members$161,862$34,257$34,646$37,774$38,991-75.9%
Other Revenue$0$0-$-1$1$0-
Total$190,345$258,988$256,484$255,035$183,618-3.5%

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