Mount Prospect Police Pension Fund
Recent News About Mount Prospect Police Pension Fund
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Report: Mount Prospect Police Pension Fund lost $3,570,239 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Mount Prospect Police Pension Fund lost 5.6 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Mount Prospect Police Pension Fund would go bankrupt in eight years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Mount Prospect Police Pension Fund would have lost $9,142,429 in 2018, according to a North Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Mt Prospect pays $4.30 for every $1 pensioners contribute to Mount Prospect Police Pension Fund
Taxpayers contributed 81.1 percent of the $4,447,495 the Mount Prospect Police Pension Fund brought in 2018, or $4.30 for every $1 from pension members.
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Report: 59.2% of Mount Prospect Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 59.2 percent of the Mount Prospect Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Mount Prospect Police Pension Fund gained $4,273,280 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Mount Prospect Police Pension Fund netted 6.73 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 Mount Prospect Police Pension Fund earns $99,723 per year
The Mount Prospect Police Pension Fund had 83 active participants receiving an average salary of $99,723 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Mt Prospect pays $3.96 for every $1 pensioners contribute to Mt Prospect Police Pension Fund
Taxpayers contributed 79.9 percent of the $4,048,571 the Mt Prospect Police Pension Fund brought in last year, or $3.96 for every $1 from pension members.
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Report: 58.1% of Mt Prospect Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 58.1 percent of the Mt Prospect Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.