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

By Local Labs News Service

May 26, 2018

Taxpayers contributed 73.5 percent of the $1,462,699 the Homewood 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, Homewood contributed $1,075,111 to the fund, which saw a $35,211 increase in revenue over 2015. Members contributed $391,865, or 26.8 percent, in 2016.

Homewood Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$900,358	$990,622	$827,907	$1,030,272	$1,075,111	19.4%
Pension members	$308,398	$297,394	$336,611	$395,034	$391,865	27.1%
Other Revenue	$0	-$24,637	$485	$2,182	-$4,277	-
Total	$1,208,756	$1,263,379	$1,165,003	$1,427,488	$1,462,699	21%