Analysis: Hoopeston pays $2.85 for every $1 pensioners contribute to Hoopeston Police Pension Fund

By Local Labs News Service

May 20, 2018

Taxpayers contributed 74.1 percent of the $183,663 the Hoopeston Police Pension Fund brought in last year, or $2.85 for every $1 from pension members, according to a Chambana Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Hoopeston contributed $136,043 to the fund, which saw a $25,409 increase in revenue over 2015. Members contributed $47,620, or 25.9 percent, in 2016.

Hoopeston Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$46,714	$45,719	$45,295	$110,345	$136,043	191.2%
Pension members	$39,052	$45,008	$47,757	$47,909	$47,620	21.9%
Other Revenue	$0	$0	$0	$0	$0	-
Total	$85,766	$90,727	$93,052	$158,254	$183,663	114.1%