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Lake County Gazette

Monday, May 20, 2024

Analysis: Deerfield pays $3.48 for every $1 pensioners contribute to Deerfield-Bannockburn Fpd Firefighters Pension Fun

Budget 12

Taxpayers contributed 77.7 percent of the $1,799,100 the Deerfield-Bannockburn Fpd Firefighters Pension Fun brought in last year, or $3.48 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, Deerfield contributed $1,398,327 to the fund, which saw a $79,038 increase in revenue over 2015. Members contributed $400,773, or 22.3 percent, in 2016.

Deerfield-Bannockburn Fpd Firefighters Pension Fun revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$972,567$974,678$1,106,747$1,327,580$1,398,32743.8%
Pension members$346,176$366,221$371,078$392,091$400,77315.8%
Other Revenue$0$0$0$391$0-
Total$1,318,743$1,340,899$1,477,825$1,720,062$1,799,10036.4%

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