Analysis: Grayslake pays $2.59 for every $1 pensioners contribute to Grayslake Police Pension Fund

By Local Labs News Service

May 19, 2018

Taxpayers contributed 72.2 percent of the $1,036,552 the Grayslake Police Pension Fund brought in last year, or $2.59 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, Grayslake contributed $748,319 to the fund, which saw a $178,429 decrease in revenue over 2015. Members contributed $288,233, or 27.8 percent, in 2016.

Grayslake Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$534,538	$587,344	$707,434	$931,452	$748,319	40%
Pension members	$296,033	$266,054	$284,069	$283,529	$288,233	-2.6%
Other Revenue	$0	$0	$0	$0	$0	-
Total	$830,571	$853,398	$991,503	$1,214,981	$1,036,552	24.8%