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Lake County Gazette

Friday, November 22, 2024

Analysis: Fox Lake pays $3.52 for every $1 pensioners contribute to Fox Lake Police Pension Fund

Budget 03

Taxpayers contributed 77.7 percent of the $892,094 the Fox Lake Police Pension Fund brought in last year, or $3.52 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, Fox Lake contributed $692,803 to the fund, which saw a $20,528 increase in revenue over 2015. Members contributed $196,573, or 22 percent, in 2016. Another $2,718 came from other unspecified sources.

Fox Lake Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$450,123$459,107$475,218$684,444$692,80353.9%
Pension members$162,927$172,789$192,450$190,771$196,57320.7%
Other Revenue$271-$-1$0-$3,649$2,718903%
Total$613,321$631,895$667,668$871,566$892,09445.5%

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