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Peoria Standard

Tuesday, November 5, 2024

Analysis: Washington pays $4.06 for every $1 pensioners contribute to Washington Police Pension Fund

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Taxpayers contributed 80 percent of the $689,432 the Washington Police Pension Fund brought in 2018, or $4.06 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 $551,778 to the fund, which saw a $16,661 increase in revenue over 2017. Members contributed $135,723, or 19.7 percent, in 2018. Another $1,931 came from other unspecified sources.

Washington Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$303,294$320,283$373,617$514,605$551,77881.9%
Pension members$110,135$115,109$124,594$130,676$135,72323.2%
Other Revenue$86$3$112$27,490$1,9312145.3%
Total$413,515$435,395$498,323$672,771$689,43266.7%

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