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

By Illinois Valley Times

Jul 16, 2020

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

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$109,196	$167,183	$130,312	$150,671	$183,694	68.2%
Pension members	$19,954	$21,023	$21,538	$22,102	$22,484	12.7%
Other Revenue	-$-1	$0	$0	$0	$0	100%
Total	$129,149	$188,206	$151,850	$172,773	$206,178	59.6%