Analysis: Park City pays $4.67 for every $1 pensioners contribute to Park City Police Pension Fund

By Lake County Gazette

Aug 8, 2020

Taxpayers contributed 82.4 percent of the $437,020 the Park City Police Pension Fund brought in 2018, or $4.67 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, Park City contributed $360,000 to the fund, which saw a $119,949 decrease in revenue over 2017. Members contributed $77,021, or 17.6 percent, in 2018.

Park City Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$216,000	$360,000	$360,000	$360,096	$360,000	66.7%
Pension members	$51,663	$57,871	$61,010	$196,873	$77,021	49.1%
Other Revenue	$0	$1	-$-1	$0	-$-1	-
Total	$267,663	$417,872	$421,009	$556,969	$437,020	63.3%