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Monday, November 4, 2024

Analysis: Rantoul pays $3.14 for every $1 pensioners contribute to Rantoul Police Pension Fund

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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, according to a Chambana Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Rantoul contributed $683,547 to the fund, which saw a $78,807 increase in revenue over 2015. Members contributed $217,076, or 24.1 percent, in 2016.

Rantoul Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$625,415$586,621$591,606$613,080$683,5479.3%
Pension members$187,505$204,365$204,654$208,736$217,07615.8%
Other Revenue$0$0$0$0$0-
Total$812,920$790,986$796,260$821,816$900,62310.8%

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