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Peoria Standard

Monday, November 4, 2024

Analysis: Washington pays $2.99 for every $1 pensioners contribute to Washington Police Pension Fund

Budget 09

Taxpayers contributed 75 percent of the $498,323 the Washington Police Pension Fund brought in last year, or $2.99 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, Washington contributed $373,617 to the fund, which saw a $62,928 increase in revenue over 2015. Members contributed $124,594, or 25 percent, in 2016. Another $112 came from other unspecified sources.

Washington Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$250,121$274,706$303,294$320,283$373,61749.4%
Pension members$114,600$110,124$110,135$115,109$124,5948.7%
Other Revenue$274$166$86$3$112-59.1%
Total$364,995$384,996$413,515$435,395$498,32336.5%

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