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Lake County Gazette

Friday, November 22, 2024

Analysis: Libertyville pays $6.16 for every $1 pensioners contribute to Libertyville Police Pension Fund

Budget 05

Taxpayers contributed 86 percent of the $2,680,332 the Libertyville Police Pension Fund brought in last year, or $6.16 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 $2,306,006 to the fund, which saw a $909,862 increase in revenue over 2015. Members contributed $374,176, or 14 percent, in 2016. Another $150 came from other unspecified sources.

Libertyville Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,232,055$1,240,285$1,232,893$1,414,282$2,306,00687.2%
Pension members$340,071$344,590$326,725$356,188$374,17610%
Other Revenue$1-$-1-$-1$0$15014900%
Total$1,572,127$1,584,874$1,559,617$1,770,470$2,680,33270.5%

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