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

By Peoria Standard

Jul 3, 2020

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

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$605,570	$607,455	$654,815	$668,690	$714,153	17.9%
Pension members	$90,437	$94,044	$103,113	$101,740	$102,693	13.6%
Other Revenue	$1	$0	$1	$0	$0	-100%
Total	$696,008	$701,499	$757,929	$770,430	$816,846	17.4%