Quantcast

West Cook News

Saturday, November 2, 2024

Analysis: La Grange pays $6.84 for every $1 pensioners contribute to Lagrange Firefighters Pension Fund

Shutterstock 150354515

Taxpayers contributed 87.3 percent of the $1,257,809 the Lagrange Firefighters Pension Fund brought in last year, or $6.84 for every $1 from pension members, according to a West Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, La Grange contributed $1,097,454 to the fund, which saw a $96,711 increase in revenue over 2015. Members contributed $160,338, or 12.7 percent, in 2016. Another $17 came from other unspecified sources.

Lagrange Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$773,196$761,155$792,782$1,005,084$1,097,45441.9%
Pension members$138,777$146,117$153,448$155,820$160,33815.5%
Other Revenue$114$24$19$194$17-85.1%
Total$912,087$907,296$946,249$1,161,098$1,257,80937.9%

MORE NEWS