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South Cook News

Tuesday, November 5, 2024

Analysis: South Chicago Heights pays $3.16 for every $1 pensioners contribute to South Chicago Heights Police Pension Fund

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Taxpayers contributed 76 percent of the $206,411 the South Chicago Heights Police Pension Fund brought in 2018, or $3.16 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 $156,837 to the fund, which saw a $15,647 increase in revenue over 2017. Members contributed $49,574, or 24 percent, in 2018.

South Chicago Heights Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$117,183$133,108$136,901$139,978$156,83733.8%
Pension members$32,865$75,304$42,911$43,782$49,57450.8%
Other Revenue$1$0$0$7,004$0-100%
Total$150,049$208,412$179,812$190,764$206,41137.6%

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