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Lake County Gazette

Tuesday, November 5, 2024

Analysis: Gurnee pays $2.91 for every $1 pensioners contribute to Gurnee Firefighters Pension Fund

Budget 10

Taxpayers contributed 74.2 percent of the $1,983,462 the Gurnee Firefighters Pension Fund brought in last year, or $2.91 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, Gurnee contributed $1,471,445 to the fund, which saw a $188,508 increase in revenue over 2015. Members contributed $504,573, or 25.4 percent, in 2016. Another $7,444 came from other unspecified sources.

Gurnee Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,068,500$1,027,531$1,009,521$1,239,754$1,471,44537.7%
Pension members$407,104$399,732$432,721$481,701$504,57323.9%
Other Revenue$25$0$0$73,499$7,44429676%
Total$1,475,629$1,427,263$1,442,242$1,794,954$1,983,46234.4%

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