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Lake County Gazette

Friday, November 22, 2024

Analysis: Lake Villa pays $4.40 for every $1 pensioners contribute to Lake Villa Police Pension Fund

Budget04

Taxpayers contributed 81.5 percent of the $748,158 the Lake Villa Police Pension Fund brought in last year, or $4.40 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 Villa contributed $609,619 to the fund, which saw a $5,555 increase in revenue over 2015. Members contributed $138,489, or 18.5 percent, in 2016. Another $50 came from other unspecified sources.

Lake Villa Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$369,374$545,009$540,634$609,358$609,61965%
Pension members$113,289$118,473$125,160$133,245$138,48922.2%
Other Revenue-$-1$1$0$0$505100%
Total$482,662$663,483$665,794$742,603$748,15855%

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