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Lake County Gazette

Monday, November 25, 2024

Analysis: Highwood pays $6.62 for every $1 pensioners contribute to Highwood Firefighters Pension Fund

Budget 11

Taxpayers contributed 86.9 percent of the $138,296 the Highwood Firefighters Pension Fund brought in last year, or $6.62 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, Highwood contributed $120,163 to the fund, which saw a $40,076 decrease in revenue over 2015. Members contributed $18,133, or 13.1 percent, in 2016.

Highwood Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$144,500$125,888$148,193$137,914$120,163-16.8%
Pension members$42,260$83,757$39,645$40,458$18,133-57.1%
Other Revenue$0$0$0$0$0-
Total$186,760$209,645$187,838$178,372$138,296-25.9%

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