Analysis: Lake Zurich pays $5.81 for every $1 pensioners contribute to Lake Zurich Firefighters Pension Fund

By Local Labs News Service

May 27, 2018

Taxpayers contributed 85.4 percent of the $2,237,770 the Lake Zurich Firefighters Pension Fund brought in last year, or $5.81 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 Zurich contributed $1,911,342 to the fund, which saw a $128,173 decrease in revenue over 2015. Members contributed $328,920, or 14.7 percent, in 2016.

Lake Zurich Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,226,383	$1,461,776	$1,724,777	$1,904,487	$1,911,342	55.9%
Pension members	$445,682	$456,036	$488,139	$457,701	$328,920	-26.2%
Other Revenue	$16,216	$14,467	$11,534	$3,755	-$2,492	-115.4%
Total	$1,688,281	$1,932,279	$2,224,450	$2,365,943	$2,237,770	32.5%