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Will County Gazette

Sunday, December 22, 2024

Analysis: Peotone pays $5.68 for every $1 pensioners contribute to Peotone FPD Firefighters Pension Fund

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Taxpayers contributed 85.1 percent of the $111,759 the Peotone FPD Firefighters Pension Fund brought in 2018, or $5.68 for every $1 from pension members, according to a Will County Gazette analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Peotone contributed $95,052 to the fund, which saw a $7,527 increase in revenue over 2017. Members contributed $16,706, or 14.9 percent, in 2018. Another $1 came from other unspecified sources.

Peotone FPD Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$86,687$87,919$89,438$87,807$95,0529.6%
Pension members$15,073$15,486$17,123$16,425$16,70610.8%
Other Revenue$0$0$1$0$1-
Total$101,760$103,405$106,562$104,232$111,7599.8%

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