Analysis: Minooka pays $4.04 for every $1 pensioners contribute to Minooka Police Pension Fund

By Grundy Reporter

Jul 5, 2020

Taxpayers contributed 79.7 percent of the $769,666 the Minooka Police Pension Fund brought in 2018, or $4.04 for every $1 from pension members, according to a Grundy Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Minooka contributed $613,528 to the fund, which saw a $60,833 increase in revenue over 2017. Members contributed $151,705, or 19.7 percent, in 2018. Another $4,433 came from other unspecified sources.

Minooka Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$295,683	$405,070	$470,143	$554,790	$613,528	107.5%
Pension members	$132,152	$185,864	$142,223	$149,444	$151,705	14.8%
Other Revenue	$111	$3,336	$3,848	$4,599	$4,433	3893.7%
Total	$427,946	$594,270	$616,214	$708,833	$769,666	79.9%