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South Central Reporter

Saturday, May 18, 2024

Analysis: Pana pays $4.85 for every $1 pensioners contribute to Pana Police Pension Fund

Budget06

Taxpayers contributed 82.9 percent of the $327,705 the Pana Police Pension Fund brought in last year, or $4.85 for every $1 from pension members, according to a South Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Pana contributed $271,737 to the fund, which saw a $14,483 increase in revenue over 2015. Members contributed $55,968, or 17.1 percent, in 2016.

Pana Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$179,809$209,012$237,195$260,645$271,73751.1%
Pension members$40,348$42,026$49,240$52,577$55,96838.7%
Other Revenue$113$0$0$0$0-100%
Total$220,270$251,038$286,435$313,222$327,70548.8%

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