Analysis: Palos Heights pays $2.61 for every $1 pensioners contribute to Palos Heights Fpd Pension Fund

By Local Labs News Service

Jun 3, 2018

Taxpayers contributed 72.5 percent of the $641,635 the Palos Heights Fpd Pension Fund brought in last year, or $2.61 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 $465,116 to the fund, which saw a $40,390 increase in revenue over 2015. Members contributed $177,805, or 27.7 percent, in 2016.

Palos Heights Fpd Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$369,562	$412,325	$433,312	$429,487	$465,116	25.9%
Pension members	$134,233	$155,058	$166,147	$168,390	$177,805	32.5%
Other Revenue	$2,604	$3,948	$5,281	$3,368	-$1,286	-149.4%
Total	$506,399	$571,331	$604,740	$601,245	$641,635	26.7%