Analysis: Elk Grove Village pays $6.64 for every $1 pensioners contribute to Elk Grove Village Firefighters Pension Fund

By North Cook News

Jul 14, 2020

Taxpayers contributed 86.9 percent of the $6,395,068 the Elk Grove Village Firefighters Pension Fund brought in 2018, or $6.64 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, Elk Grove Village contributed $5,558,693 to the fund, which saw a $424,070 increase in revenue over 2017. Members contributed $836,375, or 13.1 percent, in 2018.

Elk Grove Village Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$3,086,077	$2,388,145	$2,573,401	$5,067,956	$5,558,693	80.1%
Pension members	$736,458	$759,937	$844,917	$902,942	$836,375	13.6%
Other Revenue	$538,457	$2,009,286	$1,992,451	$100	$0	-100%
Total	$4,360,992	$5,157,368	$5,410,769	$5,970,998	$6,395,068	46.6%