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Kankakee Times

Wednesday, December 18, 2024

Analysis: Manteno pays $5.06 for every $1 pensioners contribute to Manteno Community Fpd Firefighters Pension Fund

Budget 06

Taxpayers contributed 83.5 percent of the $628,680 the Manteno Community Fpd Firefighters Pension Fund brought in last year, or $5.06 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, Manteno contributed $525,000 to the fund, which saw a $205,202 increase in revenue over 2015. Members contributed $103,679, or 16.5 percent, in 2016. Another $1 came from other unspecified sources.

Manteno Community Fpd Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$272,000$295,446$351,000$322,829$525,00093%
Pension members$94,935$99,534$95,248$100,649$103,6799.2%
Other Revenue$0$0$0$0$1-
Total$366,935$394,980$446,248$423,478$628,68071.3%

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