Analysis: Lake Forest pays $4.83 for every $1 pensioners contribute to Lake Forest Police Pension Fund

By Local Labs News Service

May 25, 2018

Taxpayers contributed 82.9 percent of the $2,179,367 the Lake Forest Police Pension Fund brought in last year, or $4.83 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 $1,806,270 to the fund, which saw a $131,009 increase in revenue over 2015. Members contributed $373,216, or 17.1 percent, in 2016.

Lake Forest Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,515,074	$1,502,075	$1,563,964	$1,706,203	$1,806,270	19.2%
Pension members	$338,575	$322,609	$345,616	$360,156	$373,216	10.2%
Other Revenue	$3,212	$97,626	-$23,127	-$18,001	-$119	-103.7%
Total	$1,856,861	$1,922,310	$1,886,453	$2,048,358	$2,179,367	17.4%