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South Cook News

Saturday, November 23, 2024

Analysis: Orland Hills pays $1.22 for every $1 pensioners contribute to Orland Hills Police Pension Fund

Budget 04

Taxpayers contributed 55 percent of the $415,231 the Orland Hills Police Pension Fund brought in last year, or $1.22 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, Orland Hills contributed $228,579 to the fund, which saw a $159,734 increase in revenue over 2015. Members contributed $186,652, or 45 percent, in 2016.

Orland Hills Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$210,340$193,745$204,568$196,026$228,5798.7%
Pension members$67,470$54,408$79,799$59,471$186,652176.6%
Other Revenue$0$0$0$0$0-
Total$277,810$248,153$284,367$255,497$415,23149.5%

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