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Lake County Gazette

Monday, November 25, 2024

Analysis: North Chicago pays $2.35 for every $1 pensioners contribute to North Chicago Police Pension Fund

Budget 02

Taxpayers contributed 70.7 percent of the $1,584,286 the North Chicago Police Pension Fund brought in last year, or $2.35 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, North Chicago contributed $1,119,364 to the fund, which saw a $265,926 increase in revenue over 2015. Members contributed $474,366, or 29.9 percent, in 2016.

North Chicago Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$701,412$733,084$735,690$871,239$1,119,36459.6%
Pension members$391,669$380,435$421,135$449,402$474,36621.1%
Other Revenue$1-$231$11-$2,281-$9,444-944500%
Total$1,093,082$1,113,288$1,156,836$1,318,360$1,584,28644.9%

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