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Peoria Standard

Tuesday, November 5, 2024

Analysis: Morton pays $3.94 for every $1 pensioners contribute to Morton Police Pension Fund

Budget 12

Taxpayers contributed 79.8 percent of the $794,580 the Morton Police Pension Fund brought in 2018, or $3.94 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, Morton contributed $633,804 to the fund, which saw a $11,188 increase in revenue over 2017. Members contributed $160,775, or 20.2 percent, in 2018. Another $1 came from other unspecified sources.

Morton Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$644,888$642,549$644,109$626,066$633,804-1.7%
Pension members$146,839$178,871$154,844$157,327$160,7759.5%
Other Revenue-$-1$1$1-$-1$1200%
Total$791,726$821,421$798,954$783,392$794,5800.4%

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