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Rock Island Today

Thursday, November 14, 2024

Analysis: Moline pays $2.77 for every $1 pensioners contribute to East Moline Police Pension Fund

Budget 13

Taxpayers contributed 73.2 percent of the $962,435 the East Moline Police Pension Fund brought in last year, or $2.77 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, Moline contributed $704,267 to the fund, which saw a $200,257 decrease in revenue over 2015. Members contributed $253,761, or 26.4 percent, in 2016. Another $4,407 came from other unspecified sources.

East Moline Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$878,524$629,991$782,786$897,039$704,267-19.8%
Pension members$254,502$161,549$261,574$249,771$253,761-0.3%
Other Revenue$0$0$16$15,882$4,407-
Total$1,133,026$791,540$1,044,376$1,162,692$962,435-15.1%

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