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Chambana Sun

Tuesday, November 5, 2024

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

Budget 07

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
20142015201620172018Change 2014-2018
Municipality$192,621$222,106$191,159$211,347$211,3469.7%
Pension members$27,270$31,444$27,063$29,921$29,8849.6%
Other Revenue$0$0-$-1$0$0-
Total$219,891$253,550$218,221$241,268$241,2309.7%

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