Analysis: Kankakee pays $5.57 for every $1 pensioners contribute to Kankakee Police Pension Fund

By Kankakee Times

Jul 7, 2020

Taxpayers contributed 84.8 percent of the $3,191,319 the Kankakee Police Pension Fund brought in 2018, or $5.57 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, Kankakee contributed $2,705,606 to the fund, which saw a $270,799 increase in revenue over 2017. Members contributed $485,714, or 15.2 percent, in 2018.

Kankakee Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,231,894	$2,374,597	$2,773,787	$2,405,298	$2,705,606	21.2%
Pension members	$523,141	$510,379	$525,627	$515,222	$485,714	-7.2%
Other Revenue	$0	$50	$0	$0	-$-1	-
Total	$2,755,035	$2,885,026	$3,299,414	$2,920,520	$3,191,319	15.8%