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Lake County Gazette

Monday, December 23, 2024

Analysis: Wauconda pays $2.05 for every $1 pensioners contribute to Wauconda Police Pension Fund

Budget 09

Taxpayers contributed 67.3 percent of the $1,076,943 the Wauconda Police Pension Fund brought in last year, or $2.05 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, Wauconda contributed $724,641 to the fund, which saw a $180,975 increase in revenue over 2015. Members contributed $352,303, or 32.7 percent, in 2016.

Wauconda Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$557,478$517,287$546,577$656,839$724,64130%
Pension members$311,996$303,543$225,840$239,128$352,30312.9%
Other Revenue-$-1$4,602$0$1-$-10%
Total$869,473$825,432$772,417$895,968$1,076,94323.9%

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