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North Cook News

Tuesday, November 5, 2024

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

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
20122013201420152016Change 2012-2016
Municipality$676,553$692,342$619,993$671,437$715,4865.8%
Pension members$145,899$156,506$174,110$178,778$194,88433.6%
Other Revenue$0-$180,898$1,036$2,592-$1,907-
Total$822,452$667,950$795,139$852,807$908,46310.5%

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