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Belleville
City of Belleville
101 S. Illinois St.
Belleville, IL 62220
Ph: 618-233-6810

Police / Fire Pension Fund
Police Pension Fund

The City of Belleville levies a tax, as calculated by the State of Illinois, for police officers' pensions.  For Fiscal Year 2011-12, the City will contribute $2,029,481.00 to the Police Pension Fund.  This will be achieved by using the tax levy and the replacement tax.  By combining these two sources of revenue, the City's contribution to the pension fund will be the amount actuarial determined by the State to meet Section 3-125 of the Illinois Pension Code.  This fund presently has 81 participants which generated approximately $475,000.00 in employee contributions.  There are 67 retirees who will draw about $2,600,00.00 during fiscal year 2011-12.

The pension fund is governed by the Police Pension Board comprised of five members, which meets monthly.  The fund utilizes the services of Zemenick & Walker Inc. as its investment manager.  The fund assets on April 30, 2011 totaled $22,129,687.01, April 30, 2012 totaled $22,209.863.16 and on April 30,2013 totaled 28,920,250.71.


Fire Pension Fund

The City of Belleville levies a tax, as calculated by the State of Illinois, for firemen pensions.  For fiscal year 2011-12, the city will contribute $2,169,760.00 to the Belleville Fire Pension Fund.  This will be achieved by using the tax levy and the replacement tax.  By combining these two sources of revenue, the City's contribution to the pension fund will be the amount actuarial determined by the State to meet Section 4-118 of the Illinois Pension Code.  There are 63 firefighters participating in this fund.  Belleville has 68 retirees drawing pensions, and this expense is expected to be about $2,600,00.00 for the 2011-12 year.  This special revenue fund pays for all expenses relating to the City of Belleville's retired firefighters.

The pension fund is governed by the Fire Pension Board comprised of five members, which meets monthly.  The money manager for the board is PNC Institutional Investments, Janet W. Newcomb Vice President, Market Director.  PNC has control of the total assets of the fund.  The fund assets on April 30, 2011 totaled $12,059,239.19, April 30,2012 totaled $12,591,984.90 and on April 30.2012 totaled $19,785,473.52.