Analysis: Colona pays $4.94 for every $1 pensioners contribute to Colona Police Pension Fund

By Rock Island Today Reports

Jul 2, 2020

Taxpayers contributed 83.2 percent of the $350,060 the Colona Police 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, Colona contributed $291,167 to the fund, which saw a $132,792 increase in revenue over 2017. Members contributed $58,893, or 16.8 percent, in 2018.

Colona Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$245,636	$268,336	$139,874	$159,087	$291,167	18.5%
Pension members	$49,105	$53,075	$53,711	$57,818	$58,893	19.9%
Other Revenue	$0	$0	$0	$363	$0	-
Total	$294,741	$321,411	$193,585	$217,268	$350,060	18.8%