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Peoria Standard

Tuesday, November 5, 2024

Analysis: East Peoria pays $4.35 for every $1 pensioners contribute to East Peoria Police Pension Fund

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Taxpayers contributed 81.3 percent of the $2,228,245 the East Peoria Police Pension Fund brought in 2018, or $4.35 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, East Peoria contributed $1,811,005 to the fund, which saw a $385,661 increase in revenue over 2017. Members contributed $416,303, or 18.7 percent, in 2018. Another $937 came from other unspecified sources.

East Peoria Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,268,764$1,363,308$1,452,077$1,454,833$1,811,00542.7%
Pension members$346,490$370,786$390,718$387,450$416,30320.1%
Other Revenue$234$263$265$301$937300.4%
Total$1,615,488$1,734,357$1,843,060$1,842,584$2,228,24537.9%

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