Moline Firefighters Pension Fund
Recent News About Moline Firefighters Pension Fund
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Report: Moline Firefighters Pension Fund lost $1,231,813 in investment income in 2018
After projecting its investments would grow by 6 percent, the Moline Firefighters Pension Fund lost 4.4 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Moline Firefighters Pension Fund would go bankrupt in five years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Moline Firefighters Pension Fund would have lost $7,171,310 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: Moline pays $11.81 for every $1 pensioners contribute to Moline Firefighters Pension Fund
Taxpayers contributed 92.2 percent of the $5,583,788 the Moline Firefighters Pension Fund brought in 2018, or $11.81 for every $1 from pension members.
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Report: 28.8% of Moline Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 28.8 percent of the Moline Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Moline Firefighters Pension Fund gained $1,539,321 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Moline Firefighters Pension Fund netted 5.15 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 Moline Firefighters Pension Fund earns $72,149 per year
The Moline Firefighters Pension Fund had 60 active participants receiving an average salary of $72,149 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Moline pays $10.54 for every $1 pensioners contribute to Moline Firefighters Pension Fund
Taxpayers contributed 91.3 percent of the $5,007,903 the Moline Firefighters Pension Fund brought in last year, or $10.54 for every $1 from pension members.
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Analysis: Moline Firefighters Pension Fund would go broke in eight years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Moline Firefighters Pension Fund lost $3,907,759 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: 32.8% of Moline Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 32.8 percent of the Moline Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: This Quad Cities pension fund sustains itself without subsidies
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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Analysis: These 7 Quad Cities pension funds would go bankrupt fastest without subsidies
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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Quad Cities pension funds: Where do taxpayers contribute most?
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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Illinois pension funds: Where do taxpayers contribute most?
Government pension funds in Moline and Rock Island depended most 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: 100 worst funded pensions in Illinois
Rock Island and Moline have government pension funds with the lowest funding levels in Illinois, 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.