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Friday, November 22, 2024

Analysis: Monticello pays $7.06 for every $1 pensioners contribute to Monticello Police Pension Fund

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Taxpayers contributed 87.6 percent of the $218,221 the Monticello Police Pension Fund brought in last year, or $7.06 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, Monticello contributed $191,159 to the fund, which saw a $35,329 decrease in revenue over 2015. Members contributed $27,063, or 12.4 percent, in 2016.

Monticello Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$75,128$135,576$192,621$222,106$191,159154.4%
Pension members$22,344$19,194$27,270$31,444$27,06321.1%
Other Revenue$0-$-1$0$0-$-1-
Total$97,472$154,769$219,891$253,550$218,221123.9%

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