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Peoria Standard

Saturday, November 23, 2024

Analysis: Peoria pays $3.88 for every $1 pensioners contribute to Peoria Police Pension Fund

Budget 03

Taxpayers contributed 79.3 percent of the $10,580,529 the Peoria Police Pension Fund brought in last year, or $3.88 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 $8,392,780 to the fund, which saw a $937,630 increase in revenue over 2015. Members contributed $2,161,968, or 20.4 percent, in 2016. Another $25,781 came from other unspecified sources.

Peoria Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$6,508,432$7,293,380$7,824,303$7,858,832$8,392,78029%
Pension members$1,849,896$1,813,302$1,902,305$1,821,130$2,161,96816.9%
Other Revenue-$-1$0$0-$37,063$25,7812578200%
Total$8,358,327$9,106,682$9,726,608$9,642,899$10,580,52926.6%

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