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Lake County Gazette

Friday, November 22, 2024

Analysis: Beach Park pays $4.14 for every $1 pensioners contribute to Beach Park Fpd Firefighters Pension Fund

Budget 02

Taxpayers contributed 80.3 percent of the $225,531 the Beach Park Fpd Firefighters Pension Fund brought in last year, or $4.14 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, Beach Park contributed $181,128 to the fund, which saw a $10,132 decrease in revenue over 2015. Members contributed $43,667, or 19.4 percent, in 2016. Another $736 came from other unspecified sources.

Beach Park Fpd Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$52,377$185,000$198,273$191,304$181,128245.8%
Pension members$38,281$36,262$42,548$42,554$43,66714.1%
Other Revenue$680$1,337-$3,803$1,805$7368.2%
Total$91,338$222,599$237,018$235,663$225,531146.9%

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