Analysis: Palos Heights pays $2.10 for every $1 pensioners contribute to Palos Heights FPD Pension Fund

By South Cook News

Aug 28, 2020

Taxpayers contributed 67.6 percent of the $610,866 the Palos Heights FPD Pension Fund brought in 2018, or $2.10 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 $412,878 to the fund, which saw a $71,375 decrease in revenue over 2017. Members contributed $196,540, or 32.2 percent, in 2018. Another $1,448 came from other unspecified sources.

Palos Heights FPD Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$433,312	$429,487	$465,116	$500,578	$412,878	-4.7%
Pension members	$166,147	$168,390	$177,805	$185,853	$196,540	18.3%
Other Revenue	$5,281	$3,368	-$1,286	-$4,190	$1,448	-72.6%
Total	$604,740	$601,245	$641,635	$682,241	$610,866	1%