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Chambana Sun

Tuesday, November 5, 2024

Analysis: Hoopeston pays $3.49 for every $1 pensioners contribute to Hoopeston Police Pension Fund

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Taxpayers contributed 77.7 percent of the $180,746 the Hoopeston Police Pension Fund brought in 2018, or $3.49 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 $140,496 to the fund, which saw a $3,659 increase in revenue over 2017. Members contributed $40,250, or 22.3 percent, in 2018.

Hoopeston Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$45,295$110,345$136,043$128,211$140,496210.2%
Pension members$47,757$47,909$47,620$48,877$40,250-15.7%
Other Revenue$0$0$0-$-1$0-
Total$93,052$158,254$183,663$177,087$180,74694.2%

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