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North Cook News

Friday, November 22, 2024

Analysis: Harwood Heights pays $3.31 for every $1 pensioners contribute to Harwood Heights Police Pension Fund

Budget 05

Taxpayers contributed 77.9 percent of the $1,076,088 the Harwood Heights Police Pension Fund brought in 2018, or $3.31 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, Harwood Heights contributed $838,466 to the fund, which saw a $33,286 decrease in revenue over 2017. Members contributed $252,680, or 23.5 percent, in 2018.

Harwood Heights Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$626,343$545,245$668,617$820,142$838,46633.9%
Pension members$236,260$189,713$224,805$283,346$252,6806.9%
Other Revenue-$1,185$0$75$5,886-$15,058-1170.7%
Total$861,418$734,958$893,497$1,109,374$1,076,08824.9%

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