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South Cook News

Saturday, November 23, 2024

Analysis: Palos Heights pays $5.55 for every $1 pensioners contribute to Palos Heights Police Pension Fund

Budget 02

Taxpayers contributed 84.7 percent of the $1,689,084 the Palos Heights Police Pension Fund brought in last year, or $5.55 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 $1,431,456 to the fund, which saw a $114,301 increase in revenue over 2015. Members contributed $257,628, or 15.3 percent, in 2016.

Palos Heights Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$989,614$1,094,667$1,332,537$1,325,573$1,431,45644.6%
Pension members$274,775$274,865$232,255$249,211$257,628-6.2%
Other Revenue$0$0$0-$-1$0-
Total$1,264,389$1,369,532$1,564,792$1,574,783$1,689,08433.6%

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