Pension funds record revenue from investment income and other revenue, in addition to being subsidized by municipal taxes and member contributions. Taking those subsidies out of the equation and assuming the funds annual expenses are the same, the following table shows how long it would take for a pension fund to run out of money.
Which Lake County pension funds will go bankrupt first?
Rank
Fund
City
Total Non-Subsidy Revenue
Total Expenses
Total Annual Loss without Subsidy
Years Until Assets Spent
1
Lake Zurich Police Pension Fund
Lake Zurich
$869,361
$926,804
-$57,443
0
2
Beach Park FPD Firefighters Pension Fund
Beach Park
$22,787
$44,948
-$22,161
0
3
Lindenhurst Police Pension Fund
Lindenhurst
-$14,796
$149,672
-$164,468
0
4
Wauconda FPD Firefighter's Pension Fund
Wauconda
$240,979
$811,493
-$570,514
0
5
Gurnee Firefighters Pension Fund
Gurnee
$109,820
$957,847
-$848,027
0
6
Wauconda Police Pension Fund
Wauconda
$94,705
$524,613
-$429,908
0
7
Gurnee Police Pension Fund
Gurnee
$279,678
$2,050,252
-$1,770,574
0
8
Mundelein Firefighters Pension Fund
Mundelein
-$18,916
$835,926
-$854,842
0
9
Highland Park Police Pension Fund
Highland Park
$2,082,877
$3,961,829
-$1,878,952
0
10
Lakemoor Police Pension Fund
Lakemoor
$2,081
$25,922
-$23,841
0
11
Lake Forest Firefighters Pension Fund
Lake Forest
$90,592
$1,966,038
-$1,875,446
0
12
Lincolnshire-Riverwood FPD Firefighters Pension Fu
Lincolnshire
-$290,548
$1,558,071
-$1,848,619
0
13
Winthrop Harbor Police Pension Fund
Winthrop Harbor
-$11,202
$207,712
-$218,914
0
14
Libertyville Firefighters Pension Fund
Libertyville
-$68,665
$1,486,665
-$1,555,330
0
15
Mundelein Police Pension Fund
Mundelein
$226,006
$1,769,380
-$1,543,374
0
16
Highland Park Firefighters Pension Fund
Highland Park
$1,223,023
$3,668,206
-$2,445,183
0
17
Fox Lake Police Pension Fund
Fox Lake
-$395,077
$584,753
-$979,830
0
18
Countryside FPD Firefighters Pension Fund
Vernon Hills
-$342,586
$1,410,474
-$1,753,060
0
19
Grayslake FPD Firefighters Pension Fund
Grayslake
-$370,292
$528,489
-$898,781
0
20
Lake Villa Police Pension Fund
Lake Villa
-$23,587
$359,173
-$382,760
0
ORGANIZATIONS IN THIS STORY
Wauconda Police Pension Fund• Fox Lake Police Pension Fund• Highland Park Firefighters Pension Fund• Lake Forest Firefighters Pension Fund• Lincolnshire-Riverwood Fire Department Firefighters Pension Fund• Mundelein Police Pension Fund• Lindenhurst Police Pension Fund• Lake Villa Police Pension Fund• Mundelein Firefighters Pension Fund• Gurnee Police Pension Fund• Highland Park Police Pension Fund• Lakemoor Police Pension Fund• Countryside Fire Department Firefighters Pension Fund• Grayslake Fire Protection District• Libertyville Firefighters Pension Fund• Lake Zurich Police Pension Fund• Winthrop Harbor Police Pension Fund• Beach Park Fire Protection District Firefighters Pension Fund• Wauconda Fire Department Firefighter's Pension Fund• Gurnee Firefighters Pension Fund
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