Analysis: Hazel Crest pays $2.74 for every $1 pensioners contribute to Hazel Crest Police Pension Fund

By Local Labs News Service

May 25, 2018

Taxpayers contributed 74.6 percent of the $773,758 the Hazel Crest Police Pension Fund brought in last year, or $2.74 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 $577,064 to the fund, which saw a $80,560 increase in revenue over 2015. Members contributed $210,587, or 27.2 percent, in 2016.

Hazel Crest Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$803,032	$701,797	$416,037	$464,892	$577,064	-28.1%
Pension members	$180,097	$214,329	$229,333	$200,183	$210,587	16.9%
Other Revenue	$0	$0	$0	$28,123	-$13,893	-
Total	$983,129	$916,126	$645,370	$693,198	$773,758	-21.3%