Analysis: Kewanee pays $4.94 for every $1 pensioners contribute to Kewanee Firefighters Pension Fund

By Rock Island Today Reports

Jul 7, 2020

Taxpayers contributed 83.2 percent of the $576,579 the Kewanee Firefighters Pension Fund brought in 2018, or $4.94 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, Kewanee contributed $479,673 to the fund, which saw a $48,496 increase in revenue over 2017. Members contributed $96,906, or 16.8 percent, in 2018.

Kewanee Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$214,782	$293,503	$315,307	$442,547	$479,673	123.3%
Pension members	$83,219	$91,552	$130,596	$85,486	$96,906	16.4%
Other Revenue	$1	$0	-$-1	$50	$0	-100%
Total	$298,002	$385,055	$445,902	$528,083	$576,579	93.5%