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Rock Island Today

Friday, May 17, 2024

Analysis: Silvis pays $4.34 for every $1 pensioners contribute to Silvis Firefighters Pension Fund

Budget 09

Taxpayers contributed 81.3 percent of the $38,037 the Silvis Firefighters Pension Fund brought in last year, or $4.34 for every $1 from pension members, according to a Rock Island Today analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Silvis contributed $30,924 to the fund, which saw a $10,910 increase in revenue over 2015. Members contributed $7,110, or 18.7 percent, in 2016. Another $3 came from other unspecified sources.

Silvis Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$14,107$13,612$21,334$19,959$30,924119.2%
Pension members$6,335$6,462$6,591$7,168$7,11012.2%
Other Revenue$0$0$0$0$3-
Total$20,442$20,074$27,925$27,127$38,03786.1%

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