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North Cook News

Friday, November 22, 2024

Analysis: Morton Grove pays $6.67 for every $1 pensioners contribute to Morton Grove Firefighters Pension Fund

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Taxpayers contributed 86.9 percent of the $3,060,064 the Morton Grove Firefighters Pension Fund brought in 2018, or $6.67 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 $2,660,276 to the fund, which saw a $375,943 increase in revenue over 2017. Members contributed $398,444, or 13 percent, in 2018. Another $1,344 came from other unspecified sources.

Morton Grove Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,914,705$1,949,493$2,165,900$2,291,587$2,660,27638.9%
Pension members$376,279$387,408$384,003$381,401$398,4445.9%
Other Revenue$19,380$12,524$24,678$11,133$1,344-93.1%
Total$2,310,364$2,349,425$2,574,581$2,684,121$3,060,06432.4%

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