Quantcast

Chambana Sun

Friday, November 22, 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%

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