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Peoria Standard

Tuesday, November 5, 2024

Analysis: Canton pays $6.95 for every $1 pensioners contribute to Canton Firefighters Pension Fund

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Taxpayers contributed 87.4 percent of the $816,846 the Canton Firefighters Pension Fund brought in 2018, or $6.95 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, Canton contributed $714,153 to the fund, which saw a $46,416 increase in revenue over 2017. Members contributed $102,693, or 12.6 percent, in 2018.

Canton Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$605,570$607,455$654,815$668,690$714,15317.9%
Pension members$90,437$94,044$103,113$101,740$102,69313.6%
Other Revenue$1$0$1$0$0-100%
Total$696,008$701,499$757,929$770,430$816,84617.4%

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