Analysis: Monticello pays $7.07 for every $1 pensioners contribute to Monticello Police Pension Fund

By Chambana Sun

Jul 11, 2020

Taxpayers contributed 87.6 percent of the $241,230 the Monticello Police Pension Fund brought in 2018, or $7.07 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 $211,346 to the fund, which saw a $38 decrease in revenue over 2017. Members contributed $29,884, or 12.4 percent, in 2018.

Monticello Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$192,621	$222,106	$191,159	$211,347	$211,346	9.7%
Pension members	$27,270	$31,444	$27,063	$29,921	$29,884	9.6%
Other Revenue	$0	$0	-$-1	$0	$0	-
Total	$219,891	$253,550	$218,221	$241,268	$241,230	9.7%