Analysis: Bourbonnais pays $1.78 for every $1 pensioners contribute to Bourbonnais Police Pension Fund

By Kankakee Times

Jul 3, 2020

Taxpayers contributed 64 percent of the $1,035,007 the Bourbonnais Police Pension Fund brought in 2018, or $1.78 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, Bourbonnais contributed $662,728 to the fund, which saw a $59,152 increase in revenue over 2017. Members contributed $370,862, or 35.8 percent, in 2018. Another $1,417 came from other unspecified sources.

Bourbonnais Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$427,079	$440,593	$448,779	$517,403	$662,728	55.2%
Pension members	$203,809	$171,365	$183,549	$458,452	$370,862	82%
Other Revenue	$0	$100	$0	$0	$1,417	-
Total	$630,888	$612,058	$632,328	$975,855	$1,035,007	64.1%