Analysis: Hodgkins pays $3.30 for every $1 pensioners contribute to Hodgkins Police Pension Fund

By West Cook News

Jul 24, 2020

Taxpayers contributed 76.1 percent of the $1,533,084 the Hodgkins Police Pension Fund brought in 2018, or $3.30 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 $1,166,840 to the fund, which saw a $269,274 increase in revenue over 2017. Members contributed $353,284, or 23 percent, in 2018. Another $12,960 came from other unspecified sources.

Hodgkins Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$976,267	$1,076,729	$1,127,368	$1,075,240	$1,166,840	19.5%
Pension members	$171,931	$207,003	$179,384	$189,812	$353,284	105.5%
Other Revenue	$2,295	-$6,315	$302	-$1,242	$12,960	464.7%
Total	$1,150,493	$1,277,417	$1,307,054	$1,263,810	$1,533,084	33.3%