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Illinois Valley Times

Monday, November 25, 2024

Analysis: Mendota pays $4.99 for every $1 pensioners contribute to Mendota Police Pension Fund

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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, according to a Illinois Valley Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Mendota contributed $470,910 to the fund, which saw a $37,003 increase in revenue over 2017. Members contributed $94,328, or 16.7 percent, in 2018. Another $1 came from other unspecified sources.

Mendota Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$342,460$388,681$387,396$439,658$470,91037.5%
Pension members$89,438$87,442$89,690$88,578$94,3285.5%
Other Revenue$276$208$0$0$1-99.6%
Total$432,174$476,331$477,086$528,236$565,23930.8%

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