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Lake County Gazette

Tuesday, November 5, 2024

Analysis: Winthrop Harbor pays $2.10 for every $1 pensioners contribute to Winthrop Harbor Police Pension Fund

Budget 06

Taxpayers contributed 68.4 percent of the $185,973 the Winthrop Harbor Police Pension Fund brought in last year, or $2.10 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, Winthrop Harbor contributed $127,277 to the fund, which saw a $158,835 decrease in revenue over 2015. Members contributed $60,456, or 32.5 percent, in 2016.

Winthrop Harbor Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$123,588$72,102$72,745$206,144$127,2773%
Pension members$51,616$51,718$52,015$138,649$60,45617.1%
Other Revenue$0$479$206$15-$1,760-
Total$175,204$124,299$124,966$344,808$185,9736.1%

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