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Lake County Gazette

Friday, November 22, 2024

Analysis: Lake Forest pays $4.08 for every $1 pensioners contribute to Lake Forest Firefighters Pension Fund

Budget 09

Taxpayers contributed 79.9 percent of the $1,522,284 the Lake Forest Firefighters Pension Fund brought in last year, or $4.08 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 Forest contributed $1,216,585 to the fund, which saw a $49,690 increase in revenue over 2015. Members contributed $297,946, or 19.6 percent, in 2016. Another $7,753 came from other unspecified sources.

Lake Forest Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$983,298$1,026,345$1,090,695$1,168,287$1,216,58523.7%
Pension members$278,048$288,560$291,365$296,626$297,9467.2%
Other Revenue$12,002-$11,706-$6,759$7,681$7,753-35.4%
Total$1,273,348$1,303,199$1,375,301$1,472,594$1,522,28419.5%

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