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Peoria Standard

Monday, November 4, 2024

Rankings: 10 worst funded pensions in Metro Peoria

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Pekin, Peoria Heights and Canton have government pension funds with the lowest 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 unhealthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Pekin Firefighters Pension Fund
Pekin
Tazewell County
39.11
2
Peoria Heights Police Pension Fund
Peoria Heights
Peoria County
40.71
3
Canton Firefighters Pension Fund
Canton
Fulton County
42.53
4
Creve Coeur Police Pension Fund
Creve Coeur
Tazewell County
52.77
5
Peoria Firefighters Pension Fund
Peoria
Peoria County
54.52
6
Peoria Police Pension Fund
Peoria
Peoria County
56.50
7
East Peoria Firefighters Pension Fund
East Peoria
Tazewell County
57.50
8
Washington Police Pension Fund
Washington
Tazewell County
60.51
9
Pekin Police Pension Fund
Pekin
Tazewell County
61.05
10
East Peoria Police Pension Fund
East Peoria
Tazewell County
62.74

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