Analysis: Gurnee pays $2.59 for every $1 pensioners contribute to Gurnee Police Pension Fund

By Local Labs News Service

May 20, 2018

Taxpayers contributed 72.5 percent of the $2,192,599 the Gurnee Police Pension Fund brought in last year, or $2.59 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, Gurnee contributed $1,590,485 to the fund, which saw a $371,897 decrease in revenue over 2015. Members contributed $611,781, or 27.9 percent, in 2016.

Gurnee Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,259,650	$1,110,813	$1,163,598	$1,416,990	$1,590,485	26.3%
Pension members	$511,926	$520,047	$973,576	$1,151,530	$611,781	19.5%
Other Revenue	-$2,264	$2,947	-$6,306	-$4,024	-$9,667	-327%
Total	$1,769,312	$1,633,807	$2,130,868	$2,564,496	$2,192,599	23.9%