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

By Kankakee Times

Jul 10, 2020

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

	2014	2015	2016	2017	2018	Change 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	$57,252	23%
Other Revenue	$799	$0	$0	$0	$0	-100%
Total	$360,599	$517,824	$765,033	$597,935	$302,783	-16%