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Kewanee Firefighters Pension Fund
401 East 3rd Street
Kewanee, IL 61443
Kewanee Firefighters Pension Fund News
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After projecting its investments would grow by 6.50 percent, the Kewanee Firefighters Pension Fund lost 1.98 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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The Kewanee Firefighters Pension Fund had 16 active participants receiving an average salary of $51,387 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Kewanee pays $2.41 for every $1 pensioners contribute to Kewanee Firefighters Pension Fund
Taxpayers contributed 70.7 percent of the $445,902 the Kewanee Firefighters Pension Fund brought in last year, or $2.41 for every $1 from pension members.
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Without members and taxpayers subsidizing its revenue, Kewanee Firefighters Pension Fund lost $971,212 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, 54.7 percent of the Kewanee Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Pension funds in Moline could sustain themselves longest without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
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Pension funds in Moline, Geneseo and Silvis would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
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Government pension funds in Silvis, Colona and Geneseo depended least on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Government pension funds in Moline, Rock Island and Silvis depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Rock Island, Moline and Colona have government pension funds with the lowest funding levels in Quad Cities, according to the Illinois Department of Insurance.
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Moline, Silvis and Kewanee have government pension funds with the highest funding levels in Quad Cities, according to the Illinois Department of Insurance.
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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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