Analysis: Winthrop Harbor pays $3.52 for every $1 pensioners contribute to Winthrop Harbor Police Pension Fund

By Lake County Gazette

Aug 17, 2020

Taxpayers contributed 77.8 percent of the $253,154 the Winthrop Harbor Police Pension Fund brought in 2018, or $3.52 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 $196,853 to the fund, which saw a $5,004 decrease in revenue over 2017. Members contributed $55,794, or 22 percent, in 2018. Another $507 came from other unspecified sources.

Winthrop Harbor Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$72,745	$206,144	$127,277	$201,060	$196,853	170.6%
Pension members	$52,015	$138,649	$60,456	$58,523	$55,794	7.3%
Other Revenue	$206	$15	-$1,760	-$1,425	$507	146.1%
Total	$124,966	$344,808	$185,973	$258,158	$253,154	102.6%