Quantcast

Lake County Gazette

Sunday, December 22, 2024

Analysis: Long Grove pays $2.48 for every $1 pensioners contribute to Long Grove Firefighters Pension Fund

Shutterstock 437118295

Taxpayers contributed 71.1 percent of the $454,832 the Long Grove Firefighters Pension Fund brought in last year, or $2.48 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, Long Grove contributed $323,468 to the fund, which saw a $26,129 increase in revenue over 2015. Members contributed $129,913, or 28.6 percent, in 2016. Another $1,451 came from other unspecified sources.

Long Grove Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,175,236$338,856$790,701$302,323$323,468-72.5%
Pension members$343,377$122,881$283,175$125,259$129,913-62.2%
Other Revenue$220$6,020$7,537$1,121$1,451559.5%
Total$1,518,833$467,757$1,081,413$428,703$454,832-70.1%

MORE NEWS