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South Cook News

Saturday, November 23, 2024

Analysis: Orland Hills pays $3.48 for every $1 pensioners contribute to Orland Hills Police Pension Fund

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Taxpayers contributed 77.7 percent of the $276,503 the Orland Hills Police Pension Fund brought in 2018, or $3.48 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, Orland Hills contributed $214,882 to the fund, which saw a $14,379 decrease in revenue over 2017. Members contributed $61,621, or 22.3 percent, in 2018.

Orland Hills Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$204,568$196,026$228,579$223,485$214,8825%
Pension members$79,799$59,471$186,652$67,397$61,621-22.8%
Other Revenue$0$0$0$0$0-
Total$284,367$255,497$415,231$290,882$276,503-2.8%

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