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Will County Gazette

Friday, April 19, 2024

Analysis: Crest Hill pays $4.60 for every $1 pensioners contribute to Crest Hill Police Pension Fund

Budget04

Taxpayers contributed 82.1 percent of the $1,370,148 the Crest Hill Police Pension Fund brought in last year, or $4.60 for every $1 from pension members, according to a Will County Gazette analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Crest Hill contributed $1,125,000 to the fund, which saw a $209,529 increase in revenue over 2015. Members contributed $244,196, or 17.8 percent, in 2016. Another $952 came from other unspecified sources.

Crest Hill Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$399,585$457,334$621,589$916,669$1,125,000181.5%
Pension members$191,577$203,735$221,260$237,697$244,19627.5%
Other Revenue$0-$2,694-$3,765$6,253$952-
Total$591,162$658,375$839,084$1,160,619$1,370,148131.8%

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