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Peoria Standard

Monday, November 4, 2024

Analysis: Peoria pays $4.73 for every $1 pensioners contribute to Peoria Firefighters Pension Fund

Budget 07

Taxpayers contributed 82.5 percent of the $9,454,588 the Peoria Firefighters Pension Fund brought in last year, or $4.73 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, Peoria contributed $7,801,323 to the fund, which saw a $571,559 increase in revenue over 2015. Members contributed $1,649,248, or 17.4 percent, in 2016. Another $4,017 came from other unspecified sources.

Peoria Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$7,307,779$6,538,727$7,193,534$7,153,055$7,801,3236.8%
Pension members$1,451,985$1,524,138$1,579,599$1,690,647$1,649,24813.6%
Other Revenue-$15,767-$130,826-$1,121,981$39,327$4,017125.5%
Total$8,743,997$7,932,039$7,651,152$8,883,029$9,454,5888.1%

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