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Peoria Standard

Tuesday, November 5, 2024

Analysis: Pekin pays $6.09 for every $1 pensioners contribute to Pekin Firefighters Pension Fund

Budget 05

Taxpayers contributed 85.9 percent of the $2,765,773 the Pekin Firefighters Pension Fund brought in last year, or $6.09 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, Pekin contributed $2,375,747 to the fund, which saw a $149,204 increase in revenue over 2015. Members contributed $389,998, or 14.1 percent, in 2016. Another $28 came from other unspecified sources.

Pekin Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$2,274,254$2,354,689$2,022,726$2,258,166$2,375,7474.5%
Pension members$326,254$342,039$380,308$358,384$389,99819.5%
Other Revenue-$-1$1$429$19$282900%
Total$2,600,507$2,696,729$2,403,463$2,616,569$2,765,7736.4%

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