Analysis: Wauconda pays $4.60 for every $1 pensioners contribute to Wauconda FPD Firefighter's Pension Fund

By Lake County Gazette

Aug 13, 2020

Taxpayers contributed 82.3 percent of the $1,974,524 the Wauconda FPD Firefighter's Pension Fund brought in 2018, or $4.60 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 $1,625,023 to the fund, which saw a $152,002 increase in revenue over 2017. Members contributed $352,811, or 17.9 percent, in 2018.

Wauconda FPD Firefighter's Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,324,590	$1,397,000	$1,337,000	$1,488,000	$1,625,023	22.7%
Pension members	$324,715	$352,475	$364,632	$334,632	$352,811	8.7%
Other Revenue	$7,319	$2,871	$9,439	-$110	-$3,310	-145.2%
Total	$1,656,624	$1,752,346	$1,711,071	$1,822,522	$1,974,524	19.2%