Milan Police Pension Fund
Recent News About Milan Police Pension Fund
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Report: Milan Police Pension Fund gained $349,236 in investment income in 2018
After projecting its investments would grow by 6.3 percent, the Milan Police Pension Fund netted 3.5 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Milan Police Pension Fund would go bankrupt in 38 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Milan Police Pension Fund would have lost $255,179 in 2018, according to a Rock Island Today analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Milan pays $26.06 for every $1 pensioners contribute to Milan Police Pension Fund
Taxpayers contributed 95.8 percent of the $3,796,394 the Milan Police Pension Fund brought in 2018, or $26.06 for every $1 from pension members.
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Report: 69% of Milan Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 69 percent of the Milan Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Milan Police Pension Fund lost $100,914 in investment income in 2016
After projecting its investments would grow by 6.50 percent, the Milan Police Pension Fund lost 1.99 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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Report: Average pensioner in Milan Police Pension Fund earns $66,939 per year
The Milan Police Pension Fund had 14 active participants receiving an average salary of $66,939 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Milan pays $3.03 for every $1 pensioners contribute to Milan Police Pension Fund
Taxpayers contributed 75.2 percent of the $387,649 the Milan Police Pension Fund brought in last year, or $3.03 for every $1 from pension members.
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Analysis: Milan Police Pension Fund would go broke in nine years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Milan Police Pension Fund lost $664,792 in 2016, according to a Rock Island Today analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: 50.2% of Milan Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 50.2 percent of the Milan Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: This Quad Cities pension fund sustains itself without subsidies
Pension funds in Moline could sustain themselves longest without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
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Analysis: These 7 Quad Cities pension funds would go bankrupt fastest without subsidies
Pension funds in Moline, Geneseo and Silvis would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
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Quad Cities pension funds: Where do taxpayers contribute least?
Government pension funds in Silvis, Colona and Geneseo depended least on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Quad Cities pension funds: Where do taxpayers contribute most?
Government pension funds in Moline, Rock Island and Silvis depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Rankings: 10 worst funded pensions in Quad Cities
Rock Island, Moline and Colona have government pension funds with the lowest funding levels in Quad Cities, according to the Illinois Department of Insurance.
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Rankings: 10 best funded pensions in Quad Cities
Moline, Silvis and Kewanee have government pension funds with the highest funding levels in Quad Cities, according to the Illinois Department of Insurance.
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Analysis: Rock Island fire, police pension funds paid $26 million, lost $590K on investments in 2016
Rock Island and its surrounding communities’ 18 police and fire pension funds paid out a total of $26,994,988 in benefits to 638 retirees and inactive recipients in 2016 while losing $591,703 on their investments, according to a Rock Island Today analysis of the funds' mandated financial filings with the Illinois Department of Insurance.