Analysis: Hickory Hills pays $4.85 for every $1 pensioners contribute to Hickory Hills Police Pension Plan

By South Cook News

Aug 2, 2020

Taxpayers contributed 82.9 percent of the $1,447,018 the Hickory Hills Police Pension Plan brought in 2018, or $4.85 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, Hickory Hills contributed $1,200,000 to the fund, which saw a $188 decrease in revenue over 2017. Members contributed $247,018, or 17.1 percent, in 2018.

Hickory Hills Police Pension Plan revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$706,511	$720,000	$800,000	$1,200,000	$1,200,000	69.8%
Pension members	$270,441	$235,806	$238,930	$247,181	$247,018	-8.7%
Other Revenue	$0	-$1,210	-$1,441	$25	$0	-
Total	$976,952	$954,596	$1,037,489	$1,447,206	$1,447,018	48.1%