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Illinois Valley Times

Sunday, December 22, 2024

Analysis: Peru pays $8.16 for every $1 pensioners contribute to Peru Firefighters Pension Fund

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Taxpayers contributed 89.1 percent of the $206,178 the Peru Firefighters Pension Fund brought in 2018, or $8.16 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, Peru contributed $183,694 to the fund, which saw a $33,405 increase in revenue over 2017. Members contributed $22,484, or 10.9 percent, in 2018.

Peru Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$109,196$167,183$130,312$150,671$183,69468.2%
Pension members$19,954$21,023$21,538$22,102$22,48412.7%
Other Revenue-$-1$0$0$0$0100%
Total$129,149$188,206$151,850$172,773$206,17859.6%

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