Analysis: Pana pays $8.81 for every $1 pensioners contribute to Pana Police Pension Fund

By South Central Reporter

Jul 11, 2020

Taxpayers contributed 89.8 percent of the $448,089 the Pana Police Pension Fund brought in 2018, or $8.81 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 $402,440 to the fund, which saw a $105,506 increase in revenue over 2017. Members contributed $45,649, or 10.2 percent, in 2018.

Pana Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$237,195	$260,645	$271,737	$286,396	$402,440	69.7%
Pension members	$49,240	$52,577	$55,968	$56,187	$45,649	-7.3%
Other Revenue	$0	$0	$0	$0	$0	-
Total	$286,435	$313,222	$327,705	$342,583	$448,089	56.4%