Analysis: Elk Grove Village pays $3.04 for every $1 pensioners contribute to Elk Grove Village Firefighters Pension Fund

By Local Labs News Service

May 21, 2018

Taxpayers contributed 47.6 percent of the $5,410,769 the Elk Grove Village Firefighters Pension Fund brought in last year, or $3.04 for every $1 from pension members, according to a North Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Elk Grove Village contributed $2,573,401 to the fund, which saw a $253,401 increase in revenue over 2015. Members contributed $844,917, or 15.6 percent, in 2016. Another $1,992,451 came from other unspecified sources.

Elk Grove Village Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,506,738	$2,901,854	$3,086,077	$2,388,145	$2,573,401	2.7%
Pension members	$666,711	$732,365	$736,458	$759,937	$844,917	26.7%
Other Revenue	$3,712	$351	$538,457	$2,009,286	$1,992,451	53575.9%
Total	$3,177,161	$3,634,570	$4,360,992	$5,157,368	$5,410,769	70.3%