Mendota Police Pension Fund
Recent News About Mendota Police Pension Fund
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Report: Mendota Police Pension Fund gained $300,567 in investment income in 2018
After projecting its investments would grow by 6.3 percent, the Mendota Police Pension Fund netted 4.7 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Mendota Police Pension Fund would go bankrupt in 43 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Mendota Police Pension Fund would have lost $144,648 in 2018, according to a Illinois Valley Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Mendota pays $4.99 for every $1 pensioners contribute to Mendota Police Pension Fund
Taxpayers contributed 83.3 percent of the $565,239 the Mendota Police Pension Fund brought in 2018, or $4.99 for every $1 from pension members.
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Report: 58% of Mendota Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 58 percent of the Mendota Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Mendota Police Pension Fund gained $48,335 in investment income in 2016
After projecting its investments would grow by 6.50 percent, the Mendota Police Pension Fund netted 0.68 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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Report: Average pensioner in Mendota Police Pension Fund earns $59,403 per year
The Mendota Police Pension Fund had 15 active participants receiving an average salary of $59,403 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Mendota pays $4.31 for every $1 pensioners contribute to Mendota Police Pension Fund
Taxpayers contributed 81.2 percent of the $477,086 the Mendota Police Pension Fund brought in last year, or $4.31 for every $1 from pension members.
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Analysis: Mendota Police Pension Fund would go broke in 16 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Mendota Police Pension Fund lost $343,192 in 2016, according to a Illinois Valley Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: 56.3% of Mendota Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 56.3 percent of the Mendota Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Illinois Valley pension funds: Where do taxpayers contribute most?
Government pension funds in Ottawa, LaSalle and Streator depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Rankings: 10 worst funded pensions in Illinois Valley
Coal City, LaSalle and Streator have government pension funds with the lowest funding levels in Illinois Valley, according to the Illinois Department of Insurance.
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Analysis: Illinois Valley fire, police pension funds paid $9 million in benefits, made $400K on investments in 2016
Illinois Valley’s 21 police and fire pension funds paid out a total of $9,939,934 in benefits to 315 retirees and inactive recipients in 2016 while gaining $418,986 on their investments, according to an Illinois Valley Times analysis of the funds' mandated financial filings with the Illinois Department of Insurance.