Quantcast

Rock Island Today

Sunday, November 24, 2024

Rankings: 10 worst funded pensions in Quad Cities

Money 03

Rock Island, Moline and Colona have government pension funds with the lowest 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' unhealthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Rock Island Firefighters Pension Fund
Rock Island
Rock Island County
32.15
2
Moline Firefighters Pension Fund
Moline
Rock Island County
32.75
3
Rock Island Police Pension Fund
Rock Island
Rock Island County
40.18
4
Moline Police Pension Fund
Moline
Rock Island County
42.80
5
Colona Police Pension Fund
Colona
Henry County
42.84
6
Milan Police Pension Fund
Milan
Rock Island County
50.23
7
Silvis Police Pension Fund
Silvis
Rock Island County
52.74
8
Kewanee Firefighters Pension Fund
Kewanee
Henry County
54.72
9
Geneseo Police Pension Fund
Geneseo
Henry County
57.53
10
Kewanee Police Pension Fund
Kewanee
Henry County
59.00

MORE NEWS