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South Cook News

Tuesday, November 5, 2024

Analysis: Harvey pays $0.33 for every $1 pensioners contribute to Harvey Police Pension Fund

Budget 12

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, according to a South Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Harvey contributed $110,219 to the fund, which saw a $28,785 decrease in revenue over 2015. Members contributed $324,861, or 73.5 percent, in 2016. Another $6,838 came from other unspecified sources.

Harvey Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$0$1,658,878$34,671$109,312$110,219-
Pension members$359,100$297,003$340,982$361,391$324,861-9.5%
Other Revenue$0$0$1$0$6,838-
Total$359,100$1,955,881$375,654$470,703$441,91823.1%

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