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West Cook News

Saturday, November 2, 2024

Analysis: Hodgkins pays $6.28 for every $1 pensioners contribute to Hodgkins Police Pension Fund

Budget 02

Taxpayers contributed 86.3 percent of the $1,307,054 the Hodgkins Police Pension Fund brought in last year, or $6.28 for every $1 from pension members, according to a West Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Hodgkins contributed $1,127,368 to the fund, which saw a $29,637 increase in revenue over 2015. Members contributed $179,384, or 13.7 percent, in 2016. Another $302 came from other unspecified sources.

Hodgkins Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$678,452$741,248$976,267$1,076,729$1,127,36866.2%
Pension members$167,170$164,936$171,931$207,003$179,3847.3%
Other Revenue-$93,037$7,865$2,295-$6,315$302100.3%
Total$752,585$914,049$1,150,493$1,277,417$1,307,05473.7%

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