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Rock Island Today

Monday, December 23, 2024

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

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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
20142015201620172018Change 2014-2018
Municipality$2,186,165$2,676,324$2,803,551$3,059,559$3,280,30950%
Pension members$288,706$416,580$429,505$400,288$412,94343%
Other Revenue$0$0$0$0$5,164-
Total$2,474,871$3,092,904$3,233,056$3,459,847$3,698,41649.4%

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