Analysis: Zion pays $3.08 for every $1 pensioners contribute to Zion Police Pension Fund

By Lake County Gazette

Aug 19, 2020

Taxpayers contributed 75.5 percent of the $1,770,332 the Zion Police Pension Fund brought in 2018, or $3.08 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, Zion contributed $1,337,424 to the fund, which saw a $62,482 increase in revenue over 2017. Members contributed $432,908, or 24.5 percent, in 2018.

Zion Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$867,020	$995,843	$1,149,487	$1,241,303	$1,337,424	54.3%
Pension members	$522,398	$414,277	$409,829	$466,547	$432,908	-17.1%
Other Revenue	$0	$0	-$-1	$0	$0	-
Total	$1,389,418	$1,410,120	$1,559,315	$1,707,850	$1,770,332	27.4%