Colona Police Pension Fund
Recent News About Colona Police Pension Fund
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Report: Colona Police Pension Fund gained $85,003 in investment income in 2018
After projecting its investments would grow by 4.8 percent, the Colona Police Pension Fund netted 3.7 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Colona Police Pension Fund would go bankrupt in 28 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Colona Police Pension Fund would have lost $85,040 in 2018, according to a Rock Island Today analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Colona pays $4.94 for every $1 pensioners contribute to Colona Police Pension Fund
Taxpayers contributed 83.2 percent of the $350,060 the Colona Police Pension Fund brought in 2018, or $4.94 for every $1 from pension members.
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Report: 38.1% of Colona Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 38.1 percent of the Colona Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Colona Police Pension Fund lost $1,955 in investment income in 2016
After projecting its investments would grow by 5.00 percent, the Colona Police Pension Fund lost 0.10 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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Report: Average pensioner in Colona Police Pension Fund earns $50,111 per year
The Colona Police Pension Fund had 11 active participants receiving an average salary of $50,111 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Colona pays $2.60 for every $1 pensioners contribute to Colona Police Pension Fund
Taxpayers contributed 72.3 percent of the $193,585 the Colona Police Pension Fund brought in last year, or $2.60 for every $1 from pension members.
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Analysis: Colona Police Pension Fund would go broke in 12 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Colona Police Pension Fund lost $158,796 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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Report: 42.8% of Colona Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 42.8 percent of the Colona Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Quad Cities pension funds: Where do taxpayers contribute least?
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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Illinois pension funds: Where do taxpayers contribute least?
Government pension funds in Silvis and Colona depended least on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Rankings: 10 worst funded pensions in Quad Cities
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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Rankings: 10 best funded pensions in Quad Cities
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.