Moline Police Pension Fund
Recent News About Moline Police Pension Fund
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Report: Moline Police Pension Fund lost $1,588,881 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Moline Police Pension Fund lost 4.2 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Moline Police Pension Fund would go bankrupt in seven years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Moline Police Pension Fund would have lost $6,522,450 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 $7.40 for every $1 pensioners contribute to Moline Police Pension Fund
Taxpayers contributed 88.1 percent of the $4,823,049 the Moline Police Pension Fund brought in 2018, or $7.40 for every $1 from pension members.
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Report: 40.8% of Moline Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 40.8 percent of the Moline Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Moline Police Pension Fund gained $2,144,131 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Moline Police Pension Fund netted 5.62 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 Police Pension Fund earns $72,162 per year
The Moline Police Pension Fund had 78 active participants receiving an average salary of $72,162 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Moline pays $6.39 for every $1 pensioners contribute to Moline Police Pension Fund
Taxpayers contributed 86.5 percent of the $4,325,676 the Moline Police Pension Fund brought in last year, or $6.39 for every $1 from pension members.
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Analysis: Moline Police Pension Fund would go broke in 17 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Moline Police Pension Fund lost $2,170,869 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 Moline 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 Moline 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 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: 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.