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

By Local Labs News Service

May 24, 2018

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

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$179,809	$209,012	$237,195	$260,645	$271,737	51.1%
Pension members	$40,348	$42,026	$49,240	$52,577	$55,968	38.7%
Other Revenue	$113	$0	$0	$0	$0	-100%
Total	$220,270	$251,038	$286,435	$313,222	$327,705	48.8%