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Lake County Gazette

Monday, November 25, 2024

Analysis: North Chicago pays $3.81 for every $1 pensioners contribute to North Chicago Firefighters Pension Fund

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Taxpayers contributed 79.2 percent of the $1,260,094 the North Chicago Firefighters Pension Fund brought in 2018, or $3.81 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 $998,114 to the fund, which saw a $222,886 increase in revenue over 2017. Members contributed $261,902, or 20.8 percent, in 2018. Another $78 came from other unspecified sources.

North Chicago Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$557,382$612,133$702,086$788,096$998,11479.1%
Pension members$236,740$221,905$238,849$249,200$261,90210.6%
Other Revenue-$267-$142-$142-$88$78129.2%
Total$793,855$833,896$940,793$1,037,208$1,260,09458.7%

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