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Lake County Gazette

Thursday, November 21, 2024

Analysis: Lincolnshire pays $3.95 for every $1 pensioners contribute to Lincolnshire-Riverwood Fpd Firefighters Pension Fu

Budget 01

Taxpayers contributed 79.5 percent of the $1,787,754 the Lincolnshire-Riverwood Fpd Firefighters Pension Fu brought in last year, or $3.95 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, Lincolnshire contributed $1,420,456 to the fund, which saw a $35,809 increase in revenue over 2015. Members contributed $359,395, or 20.1 percent, in 2016. Another $7,903 came from other unspecified sources.

Lincolnshire-Riverwood Fpd Firefighters Pension Fu revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$993,995$1,104,736$1,395,200$1,401,969$1,420,45642.9%
Pension members$330,187$356,271$368,935$359,665$359,3958.8%
Other Revenue$11,839-$20,551$9,529-$9,689$7,903-33.2%
Total$1,336,021$1,440,456$1,773,664$1,751,945$1,787,75433.8%

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