Analysis: Mt Prospect pays $3.96 for every $1 pensioners contribute to Mt Prospect Police Pension Fund

By Local Labs News Service

May 30, 2018

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, 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 $3,232,887 to the fund, which saw a $334,349 increase in revenue over 2015. Members contributed $815,684, or 20.1 percent, in 2016.

Mt Prospect Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,511,348	$2,631,038	$2,924,226	$2,918,395	$3,232,887	28.7%
Pension members	$770,609	$803,650	$851,363	$795,827	$815,684	5.8%
Other Revenue	$0	$1,841	$0	$0	$0	-
Total	$3,281,957	$3,436,529	$3,775,589	$3,714,222	$4,048,571	23.4%