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Lake County Gazette

Friday, November 22, 2024

Analysis: Libertyville pays $4.29 for every $1 pensioners contribute to Libertyville Firefighters Pension Fund

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Taxpayers contributed 81.6 percent of the $2,019,742 the Libertyville Firefighters Pension Fund brought in last year, or $4.29 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, Libertyville contributed $1,647,860 to the fund, which saw a $433,097 increase in revenue over 2015. Members contributed $383,487, or 19 percent, in 2016.

Libertyville Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$987,758$991,861$1,034,777$1,195,542$1,647,86066.8%
Pension members$305,298$348,854$331,231$392,273$383,48725.6%
Other Revenue$1,417-$7,327$24,393-$1,170-$11,605-919%
Total$1,294,473$1,333,388$1,390,401$1,586,645$2,019,74256%

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