Analysis: Mt Prospect pays $4.20 for every $1 pensioners contribute to Mt Prospect Firefighters Pension Fund

By Local Labs News Service

May 29, 2018

Taxpayers contributed 80.8 percent of the $3,475,052 the Mt Prospect Firefighters Pension Fund brought in last year, or $4.20 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, Mt Prospect contributed $2,806,982 to the fund, which saw a $335,804 increase in revenue over 2015. Members contributed $668,070, or 19.2 percent, in 2016.

Mt Prospect Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,260,834	$2,371,347	$2,466,165	$2,532,316	$2,806,982	24.2%
Pension members	$588,114	$599,222	$644,384	$606,932	$668,070	13.6%
Other Revenue	$0	$1	$0	$0	$0	-
Total	$2,848,948	$2,970,570	$3,110,549	$3,139,248	$3,475,052	22%