Quantcast

South Cook News

Saturday, November 23, 2024

Analysis: Chicago Heights pays $4.13 for every $1 pensioners contribute to Chicago Heights Police Pension Fund

Budget 06

Taxpayers contributed 80.3 percent of the $3,623,348 the Chicago Heights Police Pension Fund brought in 2018, or $4.13 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, Chicago Heights contributed $2,910,067 to the fund, which saw a $503,695 decrease in revenue over 2017. Members contributed $703,765, or 19.4 percent, in 2018. Another $9,516 came from other unspecified sources.

Chicago Heights Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,531,964$1,622,163$2,527,866$3,339,899$2,910,06790%
Pension members$639,304$686,964$669,631$785,776$703,76510.1%
Other Revenue$30,451-$76,124$6,468$1,368$9,516-68.7%
Total$2,201,719$2,233,003$3,203,965$4,127,043$3,623,34864.6%

MORE NEWS