Analysis: Highwood pays $4.07 for every $1 pensioners contribute to Highwood Police Pension Fund

By Lake County Gazette

Jul 17, 2020

Taxpayers contributed 80.3 percent of the $382,810 the Highwood Police Pension Fund brought in 2018, or $4.07 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 $307,415 to the fund, which saw a $44,265 increase in revenue over 2017. Members contributed $75,396, or 19.7 percent, in 2018.

Highwood Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$209,273	$250,138	$267,185	$268,542	$307,415	46.9%
Pension members	$63,319	$68,892	$102,682	$70,003	$75,396	19.1%
Other Revenue	$0	$0	$1	$0	-$-1	-
Total	$272,592	$319,030	$369,868	$338,545	$382,810	40.4%