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North Cook News

Tuesday, November 5, 2024

Analysis: Prospect Heights pays $5.37 for every $1 pensioners contribute to Prospect Heights Police Pension Fund

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Taxpayers contributed 84.5 percent of the $1,332,765 the Prospect Heights Police Pension Fund brought in 2018, or $5.37 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 $1,125,669 to the fund, which saw a $210,853 increase in revenue over 2017. Members contributed $209,576, or 15.7 percent, in 2018.

Prospect Heights Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$619,993$671,437$715,486$877,282$1,125,66981.6%
Pension members$174,110$178,778$194,884$246,043$209,57620.4%
Other Revenue$1,036$2,592-$1,907-$1,413-$2,480-339.4%
Total$795,139$852,807$908,463$1,121,912$1,332,76567.6%

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