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South Cook News

Saturday, November 23, 2024

Analysis: Hickory Hills pays $3.34 for every $1 pensioners contribute to Hickory Hills Police Pension Plan

Budget 12

Taxpayers contributed 77.1 percent of the $1,037,489 the Hickory Hills Police Pension Plan brought in last year, or $3.34 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, Hickory Hills contributed $800,000 to the fund, which saw a $82,893 increase in revenue over 2015. Members contributed $238,930, or 23 percent, in 2016.

Hickory Hills Police Pension Plan revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$650,000$665,000$706,511$720,000$800,00023.1%
Pension members$223,101$226,889$270,441$235,806$238,9307.1%
Other Revenue$0$0$0-$1,210-$1,441-
Total$873,101$891,889$976,952$954,596$1,037,48918.8%

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