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West Cook News

Friday, November 22, 2024

Analysis: Hillside pays $6.14 for every $1 pensioners contribute to Hillside Police Pension Fund

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Taxpayers contributed 85.8 percent of the $1,685,344 the Hillside Police Pension Fund brought in 2018, or $6.14 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, Hillside contributed $1,445,650 to the fund, which saw a $175,098 increase in revenue over 2017. Members contributed $235,170, or 14 percent, in 2018. Another $4,524 came from other unspecified sources.

Hillside Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,146,147$1,239,849$1,271,953$1,275,609$1,445,65026.1%
Pension members$226,315$231,433$249,705$228,411$235,1703.9%
Other Revenue$54,189$7,562$6,680$6,226$4,524-91.7%
Total$1,426,651$1,478,844$1,528,338$1,510,246$1,685,34418.1%

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