Analysis: Manteno pays $3.46 for every $1 pensioners contribute to Manteno Community FPD Firefighters Pension Fund

By Kankakee Times

Jul 8, 2020

Taxpayers contributed 77.5 percent of the $516,382 the Manteno Community FPD Firefighters Pension Fund brought in 2018, or $3.46 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 $400,000 to the fund, which saw a $6,165 increase in revenue over 2017. Members contributed $115,511, or 22.4 percent, in 2018. Another $871 came from other unspecified sources.

Manteno Community FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$351,000	$322,829	$525,000	$396,005	$400,000	14%
Pension members	$95,248	$100,649	$103,679	$114,213	$115,511	21.3%
Other Revenue	$0	$0	$1	-$-1	$871	-
Total	$446,248	$423,478	$628,680	$510,217	$516,382	15.7%