Analysis: Hazel Crest pays $4.37 for every $1 pensioners contribute to Hazel Crest Police Pension Fund

By South Cook News

Aug 1, 2020

Taxpayers contributed 81.3 percent of the $1,154,259 the Hazel Crest Police Pension Fund brought in 2018, or $4.37 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, Hazel Crest contributed $937,894 to the fund, which saw a $85,634 increase in revenue over 2017. Members contributed $214,538, or 18.6 percent, in 2018. Another $1,827 came from other unspecified sources.

Hazel Crest Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$416,037	$464,892	$577,064	$842,197	$937,894	125.4%
Pension members	$229,333	$200,183	$210,587	$210,965	$214,538	-6.5%
Other Revenue	$0	$28,123	-$13,893	$15,463	$1,827	-
Total	$645,370	$693,198	$773,758	$1,068,625	$1,154,259	78.9%