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Peoria Standard

Tuesday, November 5, 2024

Analysis: East Peoria pays $3.71 for every $1 pensioners contribute to East Peoria Police Pension Fund

Budget 03

Taxpayers contributed 78.8 percent of the $1,843,060 the East Peoria Police Pension Fund brought in last year, or $3.71 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, East Peoria contributed $1,452,077 to the fund, which saw a $108,703 increase in revenue over 2015. Members contributed $390,718, or 21.2 percent, in 2016. Another $265 came from other unspecified sources.

East Peoria Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,330,790$1,237,716$1,268,764$1,363,308$1,452,0779.1%
Pension members$297,360$324,196$346,490$370,786$390,71831.4%
Other Revenue$16,311$377$234$263$265-98.4%
Total$1,644,461$1,562,289$1,615,488$1,734,357$1,843,06012.1%

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