Analysis: Hillsboro pays $4.90 for every $1 pensioners contribute to Hillsboro Police Pension Fund

By South Central Reporter

Jul 8, 2020

Taxpayers contributed 83.1 percent of the $228,940 the Hillsboro Police Pension Fund brought in 2018, or $4.90 for every $1 from pension members, according to a South Central Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Hillsboro contributed $190,184 to the fund, which saw a $19,798 increase in revenue over 2017. Members contributed $38,756, or 16.9 percent, in 2018.

Hillsboro Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$127,011	$163,717	$180,966	$171,098	$190,184	49.7%
Pension members	$35,725	$31,854	$37,545	$38,044	$38,756	8.5%
Other Revenue	$0	$0	$0	$0	$0	-
Total	$162,736	$195,571	$218,511	$209,142	$228,940	40.7%