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Illinois Valley Times

Saturday, November 2, 2024

Analysis: Streator pays $6.75 for every $1 pensioners contribute to Streator Police Pension Fund

Budget 11

Taxpayers contributed 87.1 percent of the $1,005,437 the Streator Police Pension Fund brought in last year, or $6.75 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, Streator contributed $875,746 to the fund, which saw a $96,080 increase in revenue over 2015. Members contributed $129,691, or 12.9 percent, in 2016.

Streator Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$626,706$662,077$644,099$748,097$875,74639.7%
Pension members$145,405$152,163$147,787$161,260$129,691-10.8%
Other Revenue-$-1$0$0$0$0100%
Total$772,110$814,240$791,886$909,357$1,005,43730.2%

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