Analysis: Pekin pays $3.70 for every $1 pensioners contribute to Pekin Police Pension Fund

By Local Labs News Service

May 25, 2018

Taxpayers contributed 78.9 percent of the $1,998,735 the Pekin Police Pension Fund brought in last year, or $3.70 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 $1,577,451 to the fund, which saw a $54,699 increase in revenue over 2015. Members contributed $425,591, or 21.3 percent, in 2016.

Pekin Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,411,688	$1,692,432	$1,444,877	$1,534,236	$1,577,451	11.7%
Pension members	$360,876	$368,708	$457,179	$408,953	$425,591	17.9%
Other Revenue	-$-1	-$-1	$71,235	$847	-$4,307	-430600%
Total	$1,772,563	$2,061,139	$1,973,291	$1,944,036	$1,998,735	12.8%