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

By Local Labs News Service

May 20, 2018

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

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,068,500	$1,027,531	$1,009,521	$1,239,754	$1,471,445	37.7%
Pension members	$407,104	$399,732	$432,721	$481,701	$504,573	23.9%
Other Revenue	$25	$0	$0	$73,499	$7,444	29676%
Total	$1,475,629	$1,427,263	$1,442,242	$1,794,954	$1,983,462	34.4%