Analysis: Moline pays $7.40 for every $1 pensioners contribute to Moline Police Pension Fund

By Rock Island Today Reports

Jul 11, 2020

Taxpayers contributed 88.1 percent of the $4,823,049 the Moline Police Pension Fund brought in 2018, or $7.40 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, Moline contributed $4,249,014 to the fund, which saw a $355,278 increase in revenue over 2017. Members contributed $574,035, or 11.9 percent, in 2018.

Moline Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$3,124,517	$3,523,625	$3,740,468	$3,912,577	$4,249,014	36%
Pension members	$611,755	$601,643	$585,208	$555,194	$574,035	-6.2%
Other Revenue	$0	$0	$0	$0	$0	-
Total	$3,736,272	$4,125,268	$4,325,676	$4,467,771	$4,823,049	29.1%