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Kewanee Community Fire Department Firefighters Pension Fund
301 North Tremont Street
Kewanee, IL 61443
Kewanee Community Fire Department Firefighters Pension Fund News
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After projecting its investments would grow by 5.00 percent, the Kewanee Community FPD Firefighters Pension Fund netted 0.64 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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The Kewanee Community FPD Firefighters Pension Fund had 2 active participants receiving an average salary of $33,699 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Taxpayers contributed 88.2 percent of the $81,597 the Kewanee Community Fpd Firefighters Pension Fund brought in last year, or $7.49 for every $1 from pension members.
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Without members and taxpayers subsidizing its revenue, Kewanee Community FPD Firefighters Pension Fund lost $74,548 in 2016, according to a Rock Island Today analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 37.8 percent of the Kewanee Community Fpd Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension
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Analysis: Rock Island fire, police pension funds paid $26 million, lost $590K on investments in 2016
Rock Island and its surrounding communities’ 18 police and fire pension funds paid out a total of $26,994,988 in benefits to 638 retirees and inactive recipients in 2016 while losing $591,703 on their investments, according to a Rock Island Today analysis of the funds' mandated financial filings with the Illinois Department of Insurance.
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