Quantcast

Kankakee Times

Friday, May 17, 2024

Analysis: Bradley pays $3.33 for every $1 pensioners contribute to Bradley Police Pension Fund

Budget007

Taxpayers contributed 76.9 percent of the $1,113,708 the Bradley Police Pension Fund brought in last year, or $3.33 for every $1 from pension members, according to a Kankakee Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Bradley contributed $856,951 to the fund, which saw a $34,985 increase in revenue over 2015. Members contributed $256,757, or 23.1 percent, in 2016.

Bradley Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$602,737$673,584$804,949$835,134$856,95142.2%
Pension members$198,886$207,273$220,626$243,589$256,75729.1%
Other Revenue$0$0$0$0$0-
Total$801,623$880,857$1,025,575$1,078,723$1,113,70838.9%

MORE NEWS