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Peoria Standard

Tuesday, November 5, 2024

Analysis: Canton pays $1.28 for every $1 pensioners contribute to Canton Police Pension Fund

Budget 06

Taxpayers contributed 56.2 percent of the $740,853 the Canton Police Pension Fund brought in last year, or $1.28 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 $416,195 to the fund, which saw a $274,357 increase in revenue over 2015. Members contributed $324,610, or 43.8 percent, in 2016. Another $48 came from other unspecified sources.

Canton Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$314,144$313,095$303,310$327,589$416,19532.5%
Pension members$124,045$145,281$130,391$138,907$324,610161.7%
Other Revenue$0$0$0$0$48-
Total$438,189$458,376$433,701$466,496$740,85369.1%

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