Analysis: Kankakee pays $7.18 for every $1 pensioners contribute to Kankakee Firefighters' Pension Fund

By Kankakee Times

Jul 6, 2020

Taxpayers contributed 87.7 percent of the $3,016,685 the Kankakee Firefighters' Pension Fund brought in 2018, or $7.18 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 $2,646,701 to the fund, which saw a $183,686 increase in revenue over 2017. Members contributed $368,508, or 12.2 percent, in 2018. Another $1,476 came from other unspecified sources.

Kankakee Firefighters' Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,394,084	$2,506,562	$2,693,520	$2,477,099	$2,646,701	10.6%
Pension members	$367,109	$354,696	$350,502	$353,974	$368,508	0.4%
Other Revenue	-$848	$25,407	-$1,426	$1,926	$1,476	274.1%
Total	$2,760,345	$2,886,665	$3,042,596	$2,832,999	$3,016,685	9.3%