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South Cook News

Friday, November 22, 2024

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

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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
20142015201620172018Change 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$196,54018.3%
Other Revenue$5,281$3,368-$1,286-$4,190$1,448-72.6%
Total$604,740$601,245$641,635$682,241$610,8661%

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