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South Cook News

Tuesday, November 5, 2024

Analysis: Hazel Crest pays $1.55 for every $1 pensioners contribute to Hazel Crest Firefighters Pension Fund

Budget 10

Taxpayers contributed 60.4 percent of the $291,684 the Hazel Crest Firefighters Pension Fund brought in last year, or $1.55 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, Hazel Crest contributed $176,241 to the fund, which saw a $30,396 increase in revenue over 2015. Members contributed $113,672, or 39 percent, in 2016. Another $1,771 came from other unspecified sources.

Hazel Crest Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$221,910$551,773$79,241$136,004$176,241-20.6%
Pension members$120,457$114,149$105,134$118,035$113,672-5.6%
Other Revenue$0$198,666-$3,270$7,249$1,771-
Total$342,367$864,588$181,105$261,288$291,684-14.8%

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