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Will County Gazette

Friday, May 3, 2024

Analysis: Crest Hill pays $4.36 for every $1 pensioners contribute to Crest Hill Police Pension Fund

Budget 11

Taxpayers contributed 81.3 percent of the $1,457,369 the Crest Hill Police Pension Fund brought in 2018, or $4.36 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 $1,184,836 to the fund, which saw a $212,608 increase in revenue over 2017. Members contributed $271,604, or 18.6 percent, in 2018. Another $929 came from other unspecified sources.

Crest Hill Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$621,589$916,669$1,125,000$986,940$1,184,83690.6%
Pension members$221,260$237,697$244,196$258,324$271,60422.8%
Other Revenue-$3,765$6,253$952-$503$929124.7%
Total$839,084$1,160,619$1,370,148$1,244,761$1,457,36973.7%

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