Analysis: Montgomery pays $2.59 for every $1 pensioners contribute to Montgomery Police Pension Fund

By Kane County Reporter

Jul 19, 2020

Taxpayers contributed 72.2 percent of the $804,020 the Montgomery Police Pension Fund brought in 2018, or $2.59 for every $1 from pension members, according to a Kane County Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Montgomery contributed $580,602 to the fund, which saw a $77,379 increase in revenue over 2017. Members contributed $223,418, or 27.8 percent, in 2018.

Montgomery Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$388,546	$449,027	$452,282	$520,987	$580,602	49.4%
Pension members	$169,632	$228,037	$216,533	$205,654	$223,418	31.7%
Other Revenue	$0	$0	$1	$0	$0	-
Total	$558,178	$677,064	$668,816	$726,641	$804,020	44%