Analysis: Kankakee pays $5.27 for every $1 pensioners contribute to Kankakee Police Pension Fund

By Local Labs News Service

May 20, 2018

Taxpayers contributed 84.1 percent of the $3,299,414 the Kankakee Police Pension Fund brought in last year, or $5.27 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 $2,773,787 to the fund, which saw a $414,388 increase in revenue over 2015. Members contributed $525,627, or 15.9 percent, in 2016.

Kankakee Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,988,468	$2,103,081	$2,231,894	$2,374,597	$2,773,787	39.5%
Pension members	$498,481	$543,118	$523,141	$510,379	$525,627	5.4%
Other Revenue	$0	$20	$0	$50	$0	-
Total	$2,486,949	$2,646,219	$2,755,035	$2,885,026	$3,299,414	32.7%