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Peoria Standard

Tuesday, November 5, 2024

Analysis: Canton pays $6.35 for every $1 pensioners contribute to Canton Firefighters Pension Fund

Budget 12

Taxpayers contributed 86.4 percent of the $757,929 the Canton Firefighters Pension Fund brought in last year, or $6.35 for every $1 from pension members, according to a Peoria Standard analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Canton contributed $654,815 to the fund, which saw a $56,430 increase in revenue over 2015. Members contributed $103,113, or 13.6 percent, in 2016. Another $1 came from other unspecified sources.

Canton Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$541,257$649,467$605,570$607,455$654,81521%
Pension members$89,764$93,684$90,437$94,044$103,11314.9%
Other Revenue$0$0$1$0$1-
Total$631,021$743,151$696,008$701,499$757,92920.1%

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