Analysis: Highland Park pays $7.52 for every $1 pensioners contribute to Highland Park Police Pension Fund

By Lake County Gazette

Jul 15, 2020

Taxpayers contributed 88.2 percent of the $4,522,232 the Highland Park Police Pension Fund brought in 2018, or $7.52 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 $3,987,084 to the fund, which saw a $250,172 increase in revenue over 2017. Members contributed $529,624, or 11.7 percent, in 2018. Another $5,524 came from other unspecified sources.

Highland Park Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,390,648	$2,809,109	$3,611,980	$3,760,188	$3,987,084	66.8%
Pension members	$493,606	$570,105	$515,835	$507,838	$529,624	7.3%
Other Revenue	$6,450	$6,561	$26,497	$4,034	$5,524	-14.4%
Total	$2,890,704	$3,385,775	$4,154,312	$4,272,060	$4,522,232	56.4%