Analysis: Morton Grove pays $5.64 for every $1 pensioners contribute to Morton Grove Firefighters Pension Fund

By Local Labs News Service

May 28, 2018

Taxpayers contributed 84.1 percent of the $2,574,581 the Morton Grove Firefighters Pension Fund brought in last year, or $5.64 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, Morton Grove contributed $2,165,900 to the fund, which saw a $225,156 increase in revenue over 2015. Members contributed $384,003, or 14.9 percent, in 2016. Another $24,678 came from other unspecified sources.

Morton Grove Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,775,057	$1,712,014	$1,914,705	$1,949,493	$2,165,900	22%
Pension members	$400,381	$395,710	$376,279	$387,408	$384,003	-4.1%
Other Revenue	$1,142	-$1,669	$19,380	$12,524	$24,678	2060.9%
Total	$2,176,580	$2,106,055	$2,310,364	$2,349,425	$2,574,581	18.3%