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Rock Island Today

Monday, December 23, 2024

Analysis: Silvis pays $6.68 for every $1 pensioners contribute to Silvis Police Pension Fund

Budget 01

Taxpayers contributed 87 percent of the $806,342 the Silvis Police Pension Fund brought in 2018, or $6.68 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, Silvis contributed $701,359 to the fund, which saw a $288,839 increase in revenue over 2017. Members contributed $104,983, or 13 percent, in 2018.

Silvis Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$317,311$366,136$347,125$416,954$701,359121%
Pension members$93,167$105,364$95,423$100,549$104,98312.7%
Other Revenue$0$0$31$0$0-
Total$410,478$471,500$442,579$517,503$806,34296.4%

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