Analysis: Kewanee pays $2.41 for every $1 pensioners contribute to Kewanee Firefighters Pension Fund

By Rock Island Today Reports

May 20, 2018

Taxpayers contributed 70.7 percent of the $445,902 the Kewanee Firefighters Pension Fund brought in last year, or $2.41 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, Kewanee contributed $315,307 to the fund, which saw a $60,847 increase in revenue over 2015. Members contributed $130,596, or 29.3 percent, in 2016.

Kewanee Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$277,250	$288,834	$214,782	$293,503	$315,307	13.7%
Pension members	$86,607	$81,831	$83,219	$91,552	$130,596	50.8%
Other Revenue	$0	$30	$1	$0	-$-1	-
Total	$363,857	$370,695	$298,002	$385,055	$445,902	22.5%