Analysis: Pekin pays $7.57 for every $1 pensioners contribute to Pekin Firefighters Pension Fund

By Peoria Standard

Jul 11, 2020

Taxpayers contributed 88.3 percent of the $3,414,370 the Pekin Firefighters Pension Fund brought in 2018, or $7.57 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 $3,016,014 to the fund, which saw a $552,719 increase in revenue over 2017. Members contributed $398,356, or 11.7 percent, in 2018.

Pekin Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,022,726	$2,258,166	$2,375,747	$2,466,193	$3,016,014	49.1%
Pension members	$380,308	$358,384	$389,998	$395,458	$398,356	4.7%
Other Revenue	$429	$19	$28	$0	$0	-100%
Total	$2,403,463	$2,616,569	$2,765,773	$2,861,651	$3,414,370	42.1%