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Peoria Standard

Wednesday, May 8, 2024

Rankings: 10 best funded pensions in Metro Peoria

Money 04

Eureka, Bartonville and Canton have government pension funds with the highest funding levels in Metro Peoria, according to the Illinois Department of Insurance.

If the amount a pension fund is obligated to pay pensioners outpaces the funds it has on hand, the fund is in the precarious position of carrying unfunded liabilities.

The healthiest funds have a funding position at or above 100 percent. Any fund whose position is below 100 percent is unable to meet its pension obligations.

Where do your community's public pension funds rank?

Metro Peoria's healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Eureka Police Pension Fund
Eureka
Woodford County
109.41
2
Bartonville Police Pension Fund
Bartonville
Peoria County
87.68
3
Canton Police Pension Fund
Canton
Fulton County
77.36
4
Morton Police Pension Fund
Morton
Tazewell County
76.96
5
Chillicothe Police Pension Fund
Chillicothe
Peoria County
64.33
6
East Peoria Police Pension Fund
East Peoria
Tazewell County
62.74
7
Pekin Police Pension Fund
Pekin
Tazewell County
61.05
8
Washington Police Pension Fund
Washington
Tazewell County
60.51
9
East Peoria Firefighters Pension Fund
East Peoria
Tazewell County
57.50
10
Peoria Police Pension Fund
Peoria
Peoria County
56.50

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