Analysis: Peoria pays $5.41 for every $1 pensioners contribute to Peoria Firefighters Pension Fund

By Peoria Standard

Jul 13, 2020

Taxpayers contributed 84.6 percent of the $10,477,900 the Peoria Firefighters Pension Fund brought in 2018, or $5.41 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 $8,863,849 to the fund, which saw a $404,304 increase in revenue over 2017. Members contributed $1,635,828, or 15.6 percent, in 2018.

Peoria Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$7,193,534	$7,153,055	$7,801,323	$8,398,175	$8,863,849	23.2%
Pension members	$1,579,599	$1,690,647	$1,649,248	$1,668,055	$1,635,828	3.6%
Other Revenue	-$1,121,981	$39,327	$4,017	$7,366	-$21,777	98.1%
Total	$7,651,152	$8,883,029	$9,454,588	$10,073,596	$10,477,900	36.9%