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South Cook News

Friday, November 22, 2024

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

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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
20142015201620172018Change 2014-2018
Municipality$416,037$464,892$577,064$842,197$937,894125.4%
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$1,154,25978.9%

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