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

By Local Labs News Service

May 24, 2018

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

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,274,254	$2,354,689	$2,022,726	$2,258,166	$2,375,747	4.5%
Pension members	$326,254	$342,039	$380,308	$358,384	$389,998	19.5%
Other Revenue	-$-1	$1	$429	$19	$28	2900%
Total	$2,600,507	$2,696,729	$2,403,463	$2,616,569	$2,765,773	6.4%