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Rock Island Today

Thursday, November 14, 2024

Analysis: Rock Island pays $6.52 for every $1 pensioners contribute to Rock Island Firefighters Pension Fund

Budget 03

Taxpayers contributed 86.7 percent of the $3,233,056 the Rock Island Firefighters Pension Fund brought in last year, or $6.52 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, Rock Island contributed $2,803,551 to the fund, which saw a $140,152 increase in revenue over 2015. Members contributed $429,505, or 13.3 percent, in 2016.

Rock Island Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$2,006,224$1,978,959$2,186,165$2,676,324$2,803,55139.7%
Pension members$347,660$407,156$288,706$416,580$429,50523.5%
Other Revenue$0-$-1$0$0$0-
Total$2,353,884$2,386,114$2,474,871$3,092,904$3,233,05637.3%

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