Analysis: Lake Zurich pays $7.17 for every $1 pensioners contribute to Lake Zurich Police Pension Fund

By Local Labs News Service

May 27, 2018

Taxpayers contributed 87.8 percent of the $1,781,554 the Lake Zurich Police Pension Fund brought in last year, or $7.17 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 $1,564,453 to the fund, which saw a $79,755 increase in revenue over 2015. Members contributed $218,169, or 12.2 percent, in 2016.

Lake Zurich Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,235,081	$1,142,537	$1,258,410	$1,398,130	$1,564,453	26.7%
Pension members	$328,173	$309,867	$460,981	$301,323	$218,169	-33.5%
Other Revenue	$0	-$6,006	$4,042	$2,346	-$1,068	-
Total	$1,563,254	$1,446,398	$1,723,433	$1,701,799	$1,781,554	14%