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McLean County Times

Friday, November 15, 2024

Analysis: Pontiac pays $2.86 for every $1 pensioners contribute to Pontiac Police Pension Fund

Budget04

Taxpayers contributed 74 percent of the $416,821 the Pontiac Police Pension Fund brought in last year, or $2.86 for every $1 from pension members, according to a McLean County Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Pontiac contributed $308,389 to the fund, which saw a $4,419 decrease in revenue over 2015. Members contributed $107,747, or 25.8 percent, in 2016. Another $685 came from other unspecified sources.

Pontiac Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$312,713$333,314$311,311$309,897$308,389-1.4%
Pension members$115,509$101,274$115,345$111,343$107,747-6.7%
Other Revenue$0$0-$843,259$0$685-
Total$428,222$434,588-$416,603$421,240$416,821-2.7%

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