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Monday, May 6, 2024

Analysis: Kewanee pays $3.93 for every $1 pensioners contribute to Kewanee Police Pension Fund

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Taxpayers contributed 79.7 percent of the $617,586 the Kewanee Police Pension Fund brought in 2018, or $3.93 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, Kewanee contributed $492,454 to the fund, which saw a $11,571 increase in revenue over 2017. Members contributed $125,131, or 20.3 percent, in 2018. Another $1 came from other unspecified sources.

Kewanee Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$238,247$319,649$339,843$474,485$492,454106.7%
Pension members$122,352$125,350$126,669$131,530$125,1312.3%
Other Revenue-$-1$0$179$0$1200%
Total$360,598$444,999$466,691$606,015$617,58671.3%

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