Savanna Police Pension Fund
Recent News About Savanna Police Pension Fund
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Report: Savanna Police Pension Fund gained $31,129 in investment income in 2018
After projecting its investments would grow by 4.8 percent, the Savanna Police Pension Fund netted 1.5 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Savanna Police Pension Fund would go bankrupt in nine years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Savanna Police Pension Fund would have lost $229,819 in 2018, according to a NW Illinois News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Savanna pays $7.69 for every $1 pensioners contribute to Savanna Police Pension Fund
Taxpayers contributed 88.5 percent of the $264,642 the Savanna Police Pension Fund brought in 2018, or $7.69 for every $1 from pension members.
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Report: 38.4% of Savanna Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 38.4 percent of the Savanna Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Savanna Police Pension Fund gained $27,033 in investment income in 2016
After projecting its investments would grow by 5.00 percent, the Savanna Police Pension Fund netted 1.44 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 Savanna Police Pension Fund earns $46,211 per year
The Savanna Police Pension Fund had 7 active participants receiving an average salary of $46,211 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Savanna pays $5.80 for every $1 pensioners contribute to Savanna Police Pension Fund
Taxpayers contributed 85.3 percent of the $218,937 the Savanna Police Pension Fund brought in last year, or $5.80 for every $1 from pension members.
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Analysis: Savanna Police Pension Fund would go broke in 10 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Savanna Police Pension Fund lost $200,469 in 2016, according to a NW Illinois News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: 42.5% of Savanna Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 42.5 percent of the Savanna Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Northwest Illinois pension funds: Where do taxpayers contribute least?
Government pension funds in Savanna, Rock Falls and Byron depended least on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Illinois pension funds: Where do taxpayers contribute least?
Government pension funds in Savanna, Rock Falls and Byron depended least 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 Northwest Illinois
Savanna, Dixon and Freeport have government pension funds with the lowest funding levels in Northwest Illinois, according to the Illinois Department of Insurance.
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Analysis: Northwest Illinois fire, police pension funds paid $8 million, lost $924K on investments in 2016
Northwest Illinois’ 10 police and fire pension funds paid out a total of $8,100,566 in benefits to 204 retirees and inactive recipients in 2016 while losing $924,236 on their investments, according to a NW Illinois News analysis of the funds' mandated financial filings with the Illinois Department of Insurance.