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

By Lake County Gazette

Aug 7, 2020

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

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$735,690	$871,239	$1,119,364	$1,245,337	$1,340,164	82.2%
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	$1,724,668	49.1%