Analysis: Mt Prospect pays $4.84 for every $1 pensioners contribute to Mount Prospect Firefighters Pension Fund

By North Cook News

Jul 31, 2020

Taxpayers contributed 82.9 percent of the $4,020,773 the Mount Prospect Firefighters Pension Fund brought in 2018, or $4.84 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 $3,332,773 to the fund, which saw a $54,538 decrease in revenue over 2017. Members contributed $688,000, or 17.1 percent, in 2018.

Mount Prospect Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,466,165	$2,532,316	$2,806,982	$3,396,834	$3,332,773	35.1%
Pension members	$644,384	$606,932	$668,070	$678,476	$688,000	6.8%
Other Revenue	$0	$0	$0	$1	$0	-
Total	$3,110,549	$3,139,248	$3,475,052	$4,075,311	$4,020,773	29.3%