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North Cook News

Tuesday, November 5, 2024

Analysis: Prospect Heights pays $2.24 for every $1 pensioners contribute to Prospect Heights Fpd Firefighters Pension Fund

Budget 13

Taxpayers contributed 68.7 percent of the $468,869 the Prospect Heights Fpd Firefighters Pension Fund brought in last year, or $2.24 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, Prospect Heights contributed $322,103 to the fund, which saw a $13,058 increase in revenue over 2015. Members contributed $143,211, or 30.5 percent, in 2016. Another $3,555 came from other unspecified sources.

Prospect Heights Fpd Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$237,402$261,977$267,932$296,475$322,10335.7%
Pension members$107,950$140,935$135,152$139,836$143,21132.7%
Other Revenue$0$0-$-1$19,500$3,555-
Total$345,352$402,912$403,083$455,811$468,86935.8%

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