Harvey Police Pension Fund
Recent News About Harvey Police Pension Fund
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Report: Harvey Police Pension Fund gained $1,204,751 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Harvey Police Pension Fund netted 7.1 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Harvey pays $2.38 for every $1 pensioners contribute to Harvey Police Pension Fund
Taxpayers contributed 70.4 percent of the $1,044,661 the Harvey Police Pension Fund brought in 2018, or $2.38 for every $1 from pension members.
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Analysis: Harvey Police Pension Fund would go bankrupt in 20 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Harvey Police Pension Fund would have lost $849,794 in 2018, according to a South Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: 47.3% of Harvey Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 47.3 percent of the Harvey Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Harvey Police Pension Fund lost $224,970 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Harvey Police Pension Fund lost 1.95 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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Report: Average pensioner in Harvey Police Pension Fund earns $67,328 per year
The Harvey Police Pension Fund had 53 active participants receiving an average salary of $67,328 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Harvey pays $0.33 for every $1 pensioners contribute to Harvey Police Pension Fund
Taxpayers contributed 24.9 percent of the $441,918 the Harvey Police Pension Fund brought in last year, or $0.33 for every $1 from pension members.
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Analysis: Harvey Police Pension Fund would go broke in eight years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Harvey Police Pension Fund lost $1,992,099 in 2016, according to a South Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: 51.2% of Harvey Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 51.2 percent of the Harvey Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Riverdale, Sauk Village right behind Harvey with public safety pension contribution shortfalls
Of the 651 fire and police pension funds in Illinois, more than 400 were underfunded by cities in 2016, including 62 funds serving cities in the South Suburbs.
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Analysis: These 4 South Suburban pension funds sustain themselves without subsidies
Pension funds in Chicago Ridge, Lemont and Orland Park could sustain themselves longest without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
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South Suburbs pension funds: Where do taxpayers contribute least?
Government pension funds in Sauk Village, South Chicago Heights and Robbins depended least on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Illinois pension funds: Where do taxpayers contribute least?
Government pension funds in Sauk Village, South Chicago Heights and Robbins depended least on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Analysis: South Cook County fire, police pension funds paid $100 million, lost $5 million on investments in 2016
Seventy-five of South Cook County’s 80 police and fire pension funds paid out a total of $100.2 million in benefits to 1,979 retirees and inactive recipients in 2016 while losing $5,109,268 on their investments, according to a South Cook News analysis of the funds' mandated financial filings with the Illinois Department of Insurance.