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South Cook News

Saturday, November 23, 2024

Analysis: Palos Hills pays $3.97 for every $1 pensioners contribute to Palos Hills Police Pension Fund

Budget 02

Taxpayers contributed 79.9 percent of the $1,285,729 the Palos Hills Police Pension Fund brought in last year, or $3.97 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 Hills contributed $1,027,227 to the fund, which saw a $55,618 increase in revenue over 2015. Members contributed $258,502, or 20.1 percent, in 2016.

Palos Hills Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$675,000$777,851$850,000$968,938$1,027,22752.2%
Pension members$241,301$250,270$244,750$261,173$258,5027.1%
Other Revenue$0$0$0$0$0-
Total$916,301$1,028,121$1,094,750$1,230,111$1,285,72940.3%

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