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Actuaries recommend $12.1 million contribution to Rock Island police and fire pension funds; assets about 38% funded
Summary
City actuary presented valuation showing combined recommended contribution of $12,114,114, an unfunded liability of about $128.2 million and an actuarial funded ratio near 38%; council members asked about using state-mandated 90% target.
Noelle Ness, an actuary with Lauterbach and Amen, told the Rock Island City Council the recommended combined employer contribution for the firefighter and police pension funds for the year ending Dec. 31, 2025, is $12,114,114.
The recommendation accompanies an unfunded actuarial liability of $128,192,600 and an actuarial funded ratio of about 38%, Ness said. She also showed the transition-plan contributions: about $5,000,332.70 for the fire fund and $6,055,079 for the police fund.
Why it matters: The city’s pension contributions are funded primarily from property taxes; council members noted the trade-off between increasing property taxes and accepting a lower contribution target. Ness said the actuarial team performs a…
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