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Thursday, November 21, 2024

Rankings: 10 best funded pensions in Quad Cities

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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.

If the amount a pension fund is obligated to pay pensioners outpaces the funds it has on hand, the fund is in the precarious position of carrying unfunded liabilities.

The healthiest funds have a funding position at or above 100 percent. Any fund whose position is below 100 percent is unable to meet its pension obligations.

Where do your community's public pension funds rank?

Quad Cities' healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
East Moline Firefighters Pension Fund
Moline
Rock Island County
69.90
2
Silvis Firefighters Pension Fund
Silvis
Rock Island County
61.01
3
East Moline Police Pension Fund
Moline
Rock Island County
59.33
4
Kewanee Police Pension Fund
Kewanee
Henry County
59.00
5
Geneseo Police Pension Fund
Geneseo
Henry County
57.53
6
Kewanee Firefighters Pension Fund
Kewanee
Henry County
54.72
7
Silvis Police Pension Fund
Silvis
Rock Island County
52.74
8
Milan Police Pension Fund
Milan
Rock Island County
50.23
9
Colona Police Pension Fund
Colona
Henry County
42.84
10
Moline Police Pension Fund
Moline
Rock Island County
42.80

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