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Kankakee Times

Thursday, December 19, 2024

Analysis: Watseka pays $4.28 for every $1 pensioners contribute to Watseka Police Pension Fund

Budget01

Taxpayers contributed 81.1 percent of the $302,783 the Watseka Police Pension Fund brought in 2018, or $4.28 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, Watseka contributed $245,531 to the fund, which saw a $295,152 decrease in revenue over 2017. Members contributed $57,252, or 18.9 percent, in 2018.

Watseka Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$313,247$466,855$710,649$545,341$245,531-21.6%
Pension members$46,553$50,969$54,384$52,594$57,25223%
Other Revenue$799$0$0$0$0-100%
Total$360,599$517,824$765,033$597,935$302,783-16%

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