Quantcast

Lake County Gazette

Monday, December 23, 2024

Analysis: Antioch pays $4.29 for every $1 pensioners contribute to Antioch Police Pension Fund

Budget 11

Taxpayers contributed 81.1 percent of the $1,147,374 the Antioch Police Pension Fund brought in last year, or $4.29 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, Antioch contributed $930,548 to the fund, which saw a $73,973 increase in revenue over 2015. Members contributed $216,826, or 18.9 percent, in 2016.

Antioch Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$717,207$741,158$784,690$852,360$930,54829.7%
Pension members$252,204$205,770$216,294$221,041$216,826-14%
Other Revenue$1$0$0$0$0-100%
Total$969,412$946,928$1,000,984$1,073,401$1,147,37418.4%

MORE NEWS