Analysis: Palos Heights pays $3.04 for every $1 pensioners contribute to Palos Fpd Pension Fund

By Local Labs News Service

Jun 2, 2018

Taxpayers contributed 75.3 percent of the $1,106,154 the Palos Fpd Pension Fund brought in last year, or $3.04 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, Palos Heights contributed $832,890 to the fund, which saw a $122,937 decrease in revenue over 2015. Members contributed $273,265, or 24.7 percent, in 2016.

Palos Fpd Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$520,505	$491,525	$1,200,122	$941,277	$832,890	60%
Pension members	$266,302	$262,577	$278,172	$287,814	$273,265	2.6%
Other Revenue	$0	$0	$0	$0	-$-1	-
Total	$786,807	$754,102	$1,478,294	$1,229,091	$1,106,154	40.6%