Analysis: La Grange pays $7.56 for every $1 pensioners contribute to Lagrange Firefighters Pension Fund

By West Cook News

Jul 25, 2020

Taxpayers contributed 88.3 percent of the $1,427,250 the Lagrange Firefighters Pension Fund brought in 2018, or $7.56 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 $1,260,405 to the fund, which saw a $116,785 increase in revenue over 2017. Members contributed $166,634, or 11.7 percent, in 2018. Another $211 came from other unspecified sources.

Lagrange Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$792,782	$1,005,084	$1,097,454	$1,146,492	$1,260,405	59%
Pension members	$153,448	$155,820	$160,338	$163,711	$166,634	8.6%
Other Revenue	$19	$194	$17	$262	$211	1010.5%
Total	$946,249	$1,161,098	$1,257,809	$1,310,465	$1,427,250	50.8%