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.
Pension funds record revenue from investment income and other revenue, in addition to being subsidized by municipal taxes and member contributions. Taking those subsidies out of the equation and assuming the funds annual expenses are the same, the following table shows how long it would take for a pension fund to run out of money.
Which Quad Cities pension funds are self-sustaining?
|Fund||City||Total Non-Subsidy Revenue||Total Expenses||Total Annual Loss without Subsidy||Years Until Assets Spent|
|East Moline Firefighters Pension Fund||Moline||$1,785,272||$1,685,581||$99,691||225.63|
Organizations in this Story
East Moline Firefighters Pension Fund • East Moline Police Pension Fund • Geneseo Police Pension Fund • Kewanee Firefighters Pension Fund • Kewanee Police Pension Fund • Milan Police Pension Fund • Moline Firefighters Pension Fund • Silvis Police Pension Fund