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Lake County Gazette

Saturday, April 19, 2025

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

Budget 10

Taxpayers contributed 72.5 percent of the $2,192,599 the Gurnee 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, Gurnee contributed $1,590,485 to the fund, which saw a $371,897 decrease in revenue over 2015. Members contributed $611,781, or 27.9 percent, in 2016.

Gurnee Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,259,650$1,110,813$1,163,598$1,416,990$1,590,48526.3%
Pension members$511,926$520,047$973,576$1,151,530$611,78119.5%
Other Revenue-$2,264$2,947-$6,306-$4,024-$9,667-327%
Total$1,769,312$1,633,807$2,130,868$2,564,496$2,192,59923.9%

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