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South Cook News

Friday, November 22, 2024

Analysis: South Chicago Heights pays $3.19 for every $1 pensioners contribute to South Chicago Heights Police Pension Fund

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Taxpayers contributed 76.1 percent of the $179,812 the South Chicago Heights Police Pension Fund brought in last year, or $3.19 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, South Chicago Heights contributed $136,901 to the fund, which saw a $28,600 decrease in revenue over 2015. Members contributed $42,911, or 23.9 percent, in 2016.

South Chicago Heights Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$96,810$98,436$117,183$133,108$136,90141.4%
Pension members$33,525$34,576$32,865$75,304$42,91128%
Other Revenue$1$0$1$0$0-100%
Total$130,336$133,012$150,049$208,412$179,81238%

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