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Friday, April 26, 2024

Analysis: Kewanee pays $2.68 for every $1 pensioners contribute to Kewanee Police Pension Fund

Budget 11

Taxpayers contributed 72.8 percent of the $466,691 the Kewanee Police Pension Fund brought in last year, or $2.68 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 $339,843 to the fund, which saw a $21,692 increase in revenue over 2015. Members contributed $126,669, or 27.1 percent, in 2016. Another $179 came from other unspecified sources.

Kewanee Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$309,129$277,650$238,247$319,649$339,8439.9%
Pension members$127,233$119,580$122,352$125,350$126,669-0.4%
Other Revenue$1$178-$-1$0$17917800%
Total$436,363$397,408$360,598$444,999$466,6917%

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