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Lake County Gazette

Tuesday, April 29, 2025

Analysis: Wadsworth pays $2.13 for every $1 pensioners contribute to Newport Township Fpd Firefighters Pension Fund

Budget 06

Taxpayers contributed 68.1 percent of the $73,573 the Newport Township Fpd Firefighters Pension Fund brought in last year, or $2.13 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, Wadsworth contributed $50,087 to the fund, which saw a $10,412 decrease in revenue over 2015. Members contributed $23,486, or 31.9 percent, in 2016.

Newport Township Fpd Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$64,646$50,740$55,519$59,033$50,087-22.5%
Pension members$29,200$28,736$24,261$24,952$23,486-19.6%
Other Revenue$0-$-1$0$0$0-
Total$93,846$79,475$79,780$83,985$73,573-21.6%

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