Analysis: Minooka pays $2.89 for every $1 pensioners contribute to Minooka FPD Firefighters Pension Fund

By Grundy Reporter

Jul 4, 2020

Taxpayers contributed 73.8 percent of the $466,066 the Minooka FPD Firefighters Pension Fund brought in 2018, or $2.89 for every $1 from pension members, according to a Grundy Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Minooka contributed $344,008 to the fund, which saw a $79,820 increase in revenue over 2017. Members contributed $118,896, or 25.5 percent, in 2018. Another $3,162 came from other unspecified sources.

Minooka FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$260,826	$249,796	$237,794	$281,088	$344,008	31.9%
Pension members	$69,701	$80,699	$94,069	$101,757	$118,896	70.6%
Other Revenue	$72,074	$972	$1,071	$3,401	$3,162	-95.6%
Total	$402,601	$331,467	$332,934	$386,246	$466,066	15.8%