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Peoria Standard

Tuesday, November 5, 2024

Analysis: Chillicothe pays $3.90 for every $1 pensioners contribute to Chillicothe Police Pension Fund

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Taxpayers contributed 79.6 percent of the $293,392 the Chillicothe Police Pension Fund brought in 2018, or $3.90 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, Chillicothe contributed $233,615 to the fund, which saw a $7,064 increase in revenue over 2017. Members contributed $59,778, or 20.4 percent, in 2018.

Chillicothe Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$197,851$204,217$212,885$226,838$233,61518.1%
Pension members$50,809$49,883$51,205$59,490$59,77817.7%
Other Revenue-$-1$1$0$0-$-10%
Total$248,659$254,101$264,090$286,328$293,39218%

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