Analysis: Colona pays $2.60 for every $1 pensioners contribute to Colona Police Pension Fund

By Rock Island Today Reports

May 15, 2018

Taxpayers contributed 72.3 percent of the $193,585 the Colona Police Pension Fund brought in last year, or $2.60 for every $1 from pension members, according to a Rock Island Today analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Colona contributed $139,874 to the fund, which saw a $127,826 decrease in revenue over 2015. Members contributed $53,711, or 27.7 percent, in 2016.

Colona Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$200,055	$205,283	$245,636	$268,336	$139,874	-30.1%
Pension members	$41,141	$46,956	$49,105	$53,075	$53,711	30.6%
Other Revenue	$21	$201	$0	$0	$0	-100%
Total	$241,217	$252,440	$294,741	$321,411	$193,585	-19.7%