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Lake County Gazette

Sunday, May 19, 2024

Analysis: Mundelein pays $2.65 for every $1 pensioners contribute to Mundelein Firefighters Pension Fund

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Taxpayers contributed 72.6 percent of the $849,881 the Mundelein Firefighters Pension Fund brought in 2018, or $2.65 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, Mundelein contributed $616,808 to the fund, which saw a $48,884 decrease in revenue over 2017. Members contributed $232,416, or 27.3 percent, in 2018. Another $657 came from other unspecified sources.

Mundelein Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$521,150$563,609$582,571$660,248$616,80818.4%
Pension members$207,958$221,311$229,938$238,724$232,41611.8%
Other Revenue-$12,939-$49,344$160-$207$657105.1%
Total$716,169$735,576$812,669$898,765$849,88118.7%

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