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Kendall County Times

Saturday, November 23, 2024

Analysis: Plano pays $1.25 for every $1 pensioners contribute to Plano Police Pension Fund

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Taxpayers contributed 55.7 percent of the $509,552 the Plano Police Pension Fund brought in last year, or $1.25 for every $1 from pension members, according to a Kendall County Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Plano contributed $284,041 to the fund, which saw a $82,917 increase in revenue over 2015. Members contributed $225,511, or 44.3 percent, in 2016.

Plano Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$261,320$258,156$269,040$288,699$284,0418.7%
Pension members$121,569$119,581$124,112$137,937$225,51185.5%
Other Revenue$0$0$0-$-1$0-
Total$382,889$377,737$393,152$426,635$509,55233.1%

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