Analysis: Hazel Crest pays $2.11 for every $1 pensioners contribute to Hazel Crest Firefighters Pension Fund

By South Cook News

Jul 31, 2020

Taxpayers contributed 67 percent of the $417,431 the Hazel Crest Firefighters Pension Fund brought in 2018, or $2.11 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 $279,781 to the fund, which saw a $66,643 increase in revenue over 2017. Members contributed $132,355, or 31.7 percent, in 2018. Another $5,295 came from other unspecified sources.

Hazel Crest Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$79,241	$136,004	$176,241	$231,154	$279,781	253.1%
Pension members	$105,134	$118,035	$113,672	$116,857	$132,355	25.9%
Other Revenue	-$3,270	$7,249	$1,771	$2,777	$5,295	261.9%
Total	$181,105	$261,288	$291,684	$350,788	$417,431	130.5%