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Rock Island Today

Thursday, November 21, 2024

Analysis: Silvis pays $3.63 for every $1 pensioners contribute to Silvis Police Pension Fund

Budget 07

Taxpayers contributed 78.4 percent of the $442,579 the Silvis Police Pension Fund brought in last year, or $3.63 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, Silvis contributed $347,125 to the fund, which saw a $28,921 decrease in revenue over 2015. Members contributed $95,423, or 21.6 percent, in 2016. Another $31 came from other unspecified sources.

Silvis Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$327,060$340,133$317,311$366,136$347,1256.1%
Pension members$89,071$95,644$93,167$105,364$95,4237.1%
Other Revenue$0-$-1$0$0$31-
Total$416,131$435,776$410,478$471,500$442,5796.4%

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