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Lake County Gazette

Monday, December 23, 2024

Analysis: Wauconda pays $3.89 for every $1 pensioners contribute to Wauconda Police Pension Fund

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Taxpayers contributed 80.1 percent of the $1,148,232 the Wauconda Police Pension Fund brought in 2018, or $3.89 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 $919,462 to the fund, which saw a $32,737 increase in revenue over 2017. Members contributed $236,313, or 20.6 percent, in 2018.

Wauconda Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$546,577$656,839$724,641$847,281$919,46268.2%
Pension members$225,840$239,128$352,303$266,888$236,3134.6%
Other Revenue$0$1-$-1$1,326-$7,543-
Total$772,417$895,968$1,076,943$1,115,495$1,148,23248.7%

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