Analysis: Kankakee pays $7.68 for every $1 pensioners contribute to Kankakee Firefighters' Pension Fund

By Local Labs News Service

May 19, 2018

Taxpayers contributed 88.5 percent of the $3,042,596 the Kankakee Firefighters' Pension Fund brought in last year, or $7.68 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, Kankakee contributed $2,693,520 to the fund, which saw a $155,931 increase in revenue over 2015. Members contributed $350,502, or 11.5 percent, in 2016.

Kankakee Firefighters' Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,117,020	$2,197,060	$2,394,084	$2,506,562	$2,693,520	27.2%
Pension members	$346,341	$357,735	$367,109	$354,696	$350,502	1.2%
Other Revenue	$4,456	-$4,596	-$848	$25,407	-$1,426	-132%
Total	$2,467,817	$2,550,199	$2,760,345	$2,886,665	$3,042,596	23.3%