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Chambana Sun

Tuesday, November 5, 2024

Analysis: Mahomet pays $4.18 for every $1 pensioners contribute to Mahomet Police Pension Fund

Budget 06

Taxpayers contributed 79.9 percent of the $245,327 the Mahomet Police Pension Fund brought in 2018, or $4.18 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 $196,035 to the fund, which saw a $10,755 increase in revenue over 2017. Members contributed $46,803, or 19.1 percent, in 2018. Another $2,489 came from other unspecified sources.

Mahomet Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$221,839$217,260$144,627$193,763$196,035-11.6%
Pension members$34,646$37,774$38,991$40,808$46,80335.1%
Other Revenue-$-1$1$0$1$2,489249000%
Total$256,484$255,035$183,618$234,572$245,327-4.3%

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