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Illinois Valley Times

Monday, November 25, 2024

Analysis: LaSalle pays $5.70 for every $1 pensioners contribute to Peru Police Pension Fund

Budget 03

Taxpayers contributed 85.1 percent of the $1,085,269 the Peru Police Pension Fund brought in last year, or $5.70 for every $1 from pension members, according to a Illinois Valley Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, LaSalle contributed $923,410 to the fund, which saw a $60,478 increase in revenue over 2015. Members contributed $161,858, or 14.9 percent, in 2016. Another $1 came from other unspecified sources.

Peru Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$710,090$693,113$701,936$865,747$923,41030%
Pension members$143,126$143,461$153,231$159,044$161,85813.1%
Other Revenue-$-1$0$0$0$1200%
Total$853,215$836,574$855,167$1,024,791$1,085,26927.2%

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