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

By Local Labs News Service

May 28, 2018

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

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$987,758	$991,861	$1,034,777	$1,195,542	$1,647,860	66.8%
Pension members	$305,298	$348,854	$331,231	$392,273	$383,487	25.6%
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	$2,019,742	56%