Analysis: Highland Park pays $7 for every $1 pensioners contribute to Highland Park Police Pension Fund

By Local Labs News Service

May 22, 2018

Taxpayers contributed 86.9 percent of the $4,154,312 the Highland Park Police Pension Fund brought in last year, or $7 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, Highland Park contributed $3,611,980 to the fund, which saw a $768,537 increase in revenue over 2015. Members contributed $515,835, or 12.4 percent, in 2016. Another $26,497 came from other unspecified sources.

Highland Park Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,508,625	$1,704,410	$2,390,648	$2,809,109	$3,611,980	139.4%
Pension members	$496,325	$489,433	$493,606	$570,105	$515,835	3.9%
Other Revenue	-$6,200	-$15,250	$6,450	$6,561	$26,497	527.4%
Total	$1,998,750	$2,178,593	$2,890,704	$3,385,775	$4,154,312	107.8%