Analysis: Vernon Hills pays $3.62 for every $1 pensioners contribute to Vernon Hills Police Pension Fund

By Local Labs News Service

Jun 8, 2018

Taxpayers contributed 78.4 percent of the $1,966,568 the Vernon Hills Police Pension Fund brought in last year, or $3.62 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, Vernon Hills contributed $1,541,722 to the fund, which saw a $108,822 increase in revenue over 2015. Members contributed $424,846, or 21.6 percent, in 2016.

Vernon Hills Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,235,740	$1,176,050	$1,291,118	$1,433,326	$1,541,722	24.8%
Pension members	$512,076	$304,747	$527,784	$424,420	$424,846	-17%
Other Revenue	$1	$0	$0	$0	$0	-100%
Total	$1,747,817	$1,480,797	$1,818,902	$1,857,746	$1,966,568	12.5%