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Tuesday, March 31, 2020

Analysis: Prospect Heights pays $3.67 for every $1 pensioners contribute to Prospect Heights Police Pension Fund

Local Government

By Local Labs News Service | Jun 7, 2018

Budget 01

Taxpayers contributed 78.8 percent of the $908,463 the Prospect Heights Police Pension Fund brought in last year, or $3.67 for every $1 from pension members, according to a North Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Prospect Heights contributed $715,486 to the fund, which saw a $55,656 increase in revenue over 2015. Members contributed $194,884, or 21.5 percent, in 2016.

Prospect Heights Police Pension Fund revenue over 5 years
2012
2013
2014
2015
2016
Change 2012-2016
Municipality
$676,553
$692,342
$619,993
$671,437
$715,486
5.8%
Pension members
$145,899
$156,506
$174,110
$178,778
$194,884
33.6%
Other Revenue
$0
-$180,898
$1,036
$2,592
-$1,907
-
Total
$822,452
$667,950
$795,139
$852,807
$908,463
10.5%

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Organizations in this Story

Prospect Heights Police Pension Fund

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