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McLean County Times

Friday, November 15, 2024

Analysis: Pontiac pays $3.75 for every $1 pensioners contribute to Pontiac Police Pension Fund

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Taxpayers contributed 79 percent of the $508,100 the Pontiac Police Pension Fund brought in 2018, or $3.75 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 $401,220 to the fund, which saw a $12,579 decrease in revenue over 2017. Members contributed $106,879, or 21 percent, in 2018. Another $1 came from other unspecified sources.

Pontiac Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$311,311$309,897$308,389$413,087$401,22028.9%
Pension members$115,345$111,343$107,747$107,592$106,879-7.3%
Other Revenue-$843,259$0$685$0$1100%
Total-$416,603$421,240$416,821$520,679$508,100222%

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