Analysis: Highland Park pays $7.47 for every $1 pensioners contribute to Highland Park Firefighters Pension Fund

By Local Labs News Service

May 21, 2018

Taxpayers contributed 87.7 percent of the $3,892,567 the Highland Park Firefighters Pension Fund brought in last year, or $7.47 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, Highland Park contributed $3,412,844 to the fund, which saw a $991,694 increase in revenue over 2015. Members contributed $456,800, or 11.7 percent, in 2016. Another $22,923 came from other unspecified sources.

Highland Park Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,508,267	$1,682,861	$2,411,833	$2,472,050	$3,412,844	126.3%
Pension members	$452,032	$426,570	$442,972	$448,056	$456,800	1.1%
Other Revenue	-$4,193	-$5,100	$25,332	-$19,233	$22,923	646.7%
Total	$1,956,106	$2,104,331	$2,880,137	$2,900,873	$3,892,567	99%