Analysis: Rock Island pays $7.94 for every $1 pensioners contribute to Rock Island Firefighters Pension Fund

By Rock Island Today Reports

Jul 12, 2020

Taxpayers contributed 88.7 percent of the $3,698,416 the Rock Island Firefighters Pension Fund brought in 2018, or $7.94 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 $3,280,309 to the fund, which saw a $238,569 increase in revenue over 2017. Members contributed $412,943, or 11.2 percent, in 2018. Another $5,164 came from other unspecified sources.

Rock Island Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,186,165	$2,676,324	$2,803,551	$3,059,559	$3,280,309	50%
Pension members	$288,706	$416,580	$429,505	$400,288	$412,943	43%
Other Revenue	$0	$0	$0	$0	$5,164	-
Total	$2,474,871	$3,092,904	$3,233,056	$3,459,847	$3,698,416	49.4%