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Kankakee Times

Friday, November 15, 2024

Analysis: Manteno pays $2.78 for every $1 pensioners contribute to Manteno Police Pension Fund

Budget06

Taxpayers contributed 73.6 percent of the $461,813 the Manteno Police Pension Fund brought in last year, or $2.78 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 $339,745 to the fund, which saw a $40,991 increase in revenue over 2015. Members contributed $122,067, or 26.4 percent, in 2016. Another $1 came from other unspecified sources.

Manteno Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$220,000$260,000$320,000$302,333$339,74554.4%
Pension members$107,547$114,846$114,827$118,489$122,06713.5%
Other Revenue$0$0$0$0$1-
Total$327,547$374,846$434,827$420,822$461,81341%

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