Analysis: Pekin pays $3.76 for every $1 pensioners contribute to Pekin Police Pension Fund

By Peoria Standard

Jul 12, 2020

Taxpayers contributed 78.9 percent of the $2,204,301 the Pekin Police Pension Fund brought in 2018, or $3.76 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, Pekin contributed $1,739,614 to the fund, which saw a $61,086 increase in revenue over 2017. Members contributed $461,642, or 20.9 percent, in 2018. Another $3,045 came from other unspecified sources.

Pekin Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,444,877	$1,534,236	$1,577,451	$1,599,022	$1,739,614	20.4%
Pension members	$457,179	$408,953	$425,591	$541,097	$461,642	1%
Other Revenue	$71,235	$847	-$4,307	$3,096	$3,045	-95.7%
Total	$1,973,291	$1,944,036	$1,998,735	$2,143,215	$2,204,301	11.7%