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Rock Island Today

Friday, November 22, 2024

Analysis: Rock Island pays $4.98 for every $1 pensioners contribute to Rock Island Police Pension Fund

Budget 13

Taxpayers contributed 83.3 percent of the $3,474,354 the Rock Island Police Pension Fund brought in last year, or $4.98 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 $2,893,929 to the fund, which saw a $196,377 increase in revenue over 2015. Members contributed $580,424, or 16.7 percent, in 2016. Another $1 came from other unspecified sources.

Rock Island Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$2,200,492$2,171,239$2,421,323$2,687,850$2,893,92931.5%
Pension members$612,742$539,779$419,739$590,127$580,424-5.3%
Other Revenue$0$0$1$0$1-
Total$2,813,234$2,711,018$2,841,063$3,277,977$3,474,35423.5%

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