Analysis: Mundelein pays $2.59 for every $1 pensioners contribute to Mundelein Police Pension Fund

By Local Labs News Service

Jun 1, 2018

Taxpayers contributed 72 percent of the $1,812,608 the Mundelein Police Pension Fund brought in last year, or $2.59 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, Mundelein contributed $1,305,730 to the fund, which saw a $115,761 increase in revenue over 2015. Members contributed $503,875, or 27.8 percent, in 2016. Another $3,003 came from other unspecified sources.

Mundelein Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,314,203	$1,092,140	$1,082,398	$1,247,471	$1,305,730	-0.6%
Pension members	$386,584	$401,142	$473,966	$448,699	$503,875	30.3%
Other Revenue	$0	-$227,698	-$16,493	$677	$3,003	-
Total	$1,700,787	$1,265,584	$1,539,871	$1,696,847	$1,812,608	6.6%