Per City of Peoria Ordinance 17,641, An Ordinance Creating Article XVIII (Public Safety Pension Fee) of Article 18 (Licenses and Miscellaneous Business Regulations) of the Code of the City of Peoria
- Any bill or invoice for the fee imposed pursuant to this Article shall be considered delinquent upon the expiration of the time allowed for payment.
- Any person or entity liable for public safety pension fee who fails to pay such fee when due, or any portion thereof, shall pay to the City a penalty of $5 per month up to the first six months or part of a month within which a delinquency remains. If the fee, or any portion thereof, remains delinquent beyond six months, any person liable for the fee shall pay to the City a penalty of $20 per month for every month thereafter within which a delinquency remains.
Understanding the delinquency notice -
Notice Date: This is the date the delinquency notice was generated.
Late Fee: Total amount of the late fee charged to the account. Please note that late a late fee of $5 will be applied for the first 6 delinquent months. Any remaining balances after 6 months, will incur an increased late fee of $20 per month. Charges remaining after one year of delinquency are subject to collections or further action by the city.
Past Due Balance: Original Bill Amount plus Late Fee Charge
Due Upon Receipt: The total balance must be remitted within 30 days of the date on the delinquency notice to avoid further penalty fees.