Analysis: Kewanee pays $10.96 for every $1 pensioners contribute to Kewanee Community FPD Firefighters Pension Fund

By Rock Island Today Reports

Jul 6, 2020

Taxpayers contributed 91.6 percent of the $127,094 the Kewanee Community FPD Firefighters Pension Fund brought in 2018, or $10.96 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 $116,470 to the fund, which saw a $38,571 increase in revenue over 2017. Members contributed $10,624, or 8.4 percent, in 2018.

Kewanee Community FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$59,534	$85,202	$71,994	$79,159	$116,470	95.6%
Pension members	$9,368	$9,482	$9,603	$9,364	$10,624	13.4%
Other Revenue	$0	$0	$0	$0	$0	-
Total	$68,902	$94,684	$81,597	$88,523	$127,094	84.5%