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Kendall County Times

Saturday, November 23, 2024

Analysis: Plano pays $2.44 for every $1 pensioners contribute to Plano Police Pension Fund

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Taxpayers contributed 71 percent of the $458,314 the Plano Police Pension Fund brought in 2018, or $2.44 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 $325,255 to the fund, which saw a $48,127 decrease in revenue over 2017. Members contributed $133,059, or 29 percent, in 2018.

Plano Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$269,040$288,699$284,041$324,258$325,25520.9%
Pension members$124,112$137,937$225,511$182,183$133,0597.2%
Other Revenue$0-$-1$0$0$0-
Total$393,152$426,635$509,552$506,441$458,31416.6%

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