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Lake County Gazette

Saturday, May 4, 2024

Analysis: Highwood pays $2.60 for every $1 pensioners contribute to Highwood Police Pension Fund

Budget 11

Taxpayers contributed 72.2 percent of the $369,868 the Highwood Police Pension Fund brought in last year, or $2.60 for every $1 from pension members, according to a Lake County Gazette analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Highwood contributed $267,185 to the fund, which saw a $50,838 increase in revenue over 2015. Members contributed $102,682, or 27.8 percent, in 2016. Another $1 came from other unspecified sources.

Highwood Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$166,641$145,071$209,273$250,138$267,18560.3%
Pension members$56,627$59,505$63,319$68,892$102,68281.3%
Other Revenue$0$0$0$0$1-
Total$223,268$204,576$272,592$319,030$369,86865.7%

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