Analysis: Vernon Hills pays $4.63 for every $1 pensioners contribute to Vernon Hills Police Pension Fund

By Lake County Gazette

Aug 12, 2020

Taxpayers contributed 82.3 percent of the $2,504,294 the Vernon Hills Police Pension Fund brought in 2018, or $4.63 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, Vernon Hills contributed $2,059,961 to the fund, which saw a $279,738 increase in revenue over 2017. Members contributed $444,333, or 17.7 percent, in 2018.

Vernon Hills Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,291,118	$1,433,326	$1,541,722	$1,775,629	$2,059,961	59.5%
Pension members	$527,784	$424,420	$424,846	$448,927	$444,333	-15.8%
Other Revenue	$0	$0	$0	$0	$0	-
Total	$1,818,902	$1,857,746	$1,966,568	$2,224,556	$2,504,294	37.7%