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Kankakee Times

Friday, November 15, 2024

Analysis: Manteno pays $2.72 for every $1 pensioners contribute to Manteno Police Pension Fund

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Taxpayers contributed 73.2 percent of the $478,422 the Manteno Police Pension Fund brought in 2018, or $2.72 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 $350,000 to the fund, which saw a $79,374 decrease in revenue over 2017. Members contributed $128,422, or 26.8 percent, in 2018.

Manteno Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$320,000$302,333$339,745$350,000$350,0009.4%
Pension members$114,827$118,489$122,067$207,796$128,42211.8%
Other Revenue$0$0$1$0$0-
Total$434,827$420,822$461,813$557,796$478,42210%

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