Analysis: Round Lake pays $2.17 for every $1 pensioners contribute to Round Lake Police Pension Fund

By Lake County Gazette

Aug 11, 2020

Taxpayers contributed 68.4 percent of the $683,943 the Round Lake Police Pension Fund brought in 2018, or $2.17 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, Round Lake contributed $468,072 to the fund, which saw a $26,315 increase in revenue over 2017. Members contributed $215,481, or 31.5 percent, in 2018. Another $390 came from other unspecified sources.

Round Lake Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$427,638	$500,165	$448,626	$454,712	$468,072	9.5%
Pension members	$164,392	$176,922	$190,946	$202,866	$215,481	31.1%
Other Revenue	$0	$0	$0	$50	$390	-
Total	$592,030	$677,087	$639,572	$657,628	$683,943	15.5%