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Thursday, November 21, 2024

Analysis: Silvis pays $3.42 for every $1 pensioners contribute to Silvis Firefighters Pension Fund

Budget 03

Taxpayers contributed 77.4 percent of the $34,884 the Silvis Firefighters Pension Fund brought in 2018, or $3.42 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 $26,995 to the fund, which saw a $19,868 decrease in revenue over 2017. Members contributed $7,889, or 22.6 percent, in 2018.

Silvis Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$21,334$19,959$30,924$47,393$26,99526.5%
Pension members$6,591$7,168$7,110$7,359$7,88919.7%
Other Revenue$0$0$3$0$0-
Total$27,925$27,127$38,037$54,752$34,88424.9%

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