Pension funds record revenue from investment income and other revenue, in addition to being subsidized by municipal taxes and member contributions. Taking those subsidies out of the equation and assuming the funds annual expenses are the same, the following table shows how long it would take for a pension fund to run out of money.
Which Metro Peoria pension funds will go bankrupt first?
Rank
Fund
City
Total Non-Subsidy Revenue
Total Expenses
Total Annual Loss without Subsidy
Years Until Assets Spent
1
Peoria Police Pension Fund
Peoria
$8,513,054
$14,746,219
-$6,233,165
0
2
Peoria Firefighters Pension Fund
Peoria
$6,026,571
$12,457,725
-$6,431,154
0
3
Peoria Heights Police Pension Fund
Peoria Heights
$10,575
$123,493
-$112,918
0
4
Morton Police Pension Fund
Morton
-$133,794
$550,505
-$684,299
0
5
East Peoria Firefighters Pension Fund
East Peoria
-$14,202
$1,456,778
-$1,470,980
0
6
Washington Police Pension Fund
Washington
-$50,667
$493,275
-$543,942
0
7
Canton Police Pension Fund
Canton
-$311,014
$904,551
-$1,215,565
0
8
East Peoria Police Pension Fund
East Peoria
-$181,022
$2,125,395
-$2,306,417
0
9
Pekin Police Pension Fund
Pekin
-$463,449
$2,460,290
-$2,923,739
0
10
Canton Firefighters Pension Fund
Canton
-$63,068
$933,285
-$996,353
0
11
Creve Coeur Police Pension Fund
Creve Coeur
$9,908
$275,744
-$265,836
0
12
Pekin Firefighters Pension Fund
Pekin
-$437,152
$3,365,594
-$3,802,746
0
ORGANIZATIONS IN THIS STORY
Canton Police Pension Fund• Peoria Firefighters Pension Fund• Morton Police Pension Fund• East Peoria Firefighters Pension Fund• Peoria Heights Police Pension Fund• Washington Police Pension Fund• Pekin Police Pension Fund• East Peoria Police Pension Fund• Pekin Firefighters Pension Fund• Creve Coeur Police Pension Fund• Canton Firefighters Pension Fund• Peoria Police Pension Fund
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