Quantcast

Lake County Gazette

Tuesday, November 5, 2024

Analysis: North Chicago pays $3.42 for every $1 pensioners contribute to North Chicago Police Pension Fund

Adobestock 273050242

Taxpayers contributed 77.7 percent of the $1,724,668 the North Chicago Police Pension Fund brought in 2018, or $3.42 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, North Chicago contributed $1,340,164 to the fund, which saw a $55,818 increase in revenue over 2017. Members contributed $391,044, or 22.7 percent, in 2018.

North Chicago Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$735,690$871,239$1,119,364$1,245,337$1,340,16482.2%
Pension members$421,135$449,402$474,366$427,221$391,044-7.1%
Other Revenue$11-$2,281-$9,444-$3,708-$6,540-59554.5%
Total$1,156,836$1,318,360$1,584,286$1,668,850$1,724,66849.1%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS