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Lake County Gazette

Sunday, November 24, 2024

Analysis: Lake Bluff pays $4.99 for every $1 pensioners contribute to Lake Bluff Police Pension Fund

Budget 04

Taxpayers contributed 83.3 percent of the $774,586 the Lake Bluff Police Pension Fund brought in last year, or $4.99 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, Lake Bluff contributed $645,381 to the fund, which saw a $38,144 increase in revenue over 2015. Members contributed $129,205, or 16.7 percent, in 2016.

Lake Bluff Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$496,129$554,148$572,963$610,228$645,38130.1%
Pension members$112,934$117,048$115,766$126,214$129,20514.4%
Other Revenue$0$0$0$0$0-
Total$609,063$671,196$688,729$736,442$774,58627.2%

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