Analysis: Mundelein pays $2.81 for every $1 pensioners contribute to Mundelein Police Pension Fund

By Lake County Gazette

Aug 4, 2020

Taxpayers contributed 73.6 percent of the $1,950,683 the Mundelein Police Pension Fund brought in 2018, or $2.81 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, Mundelein contributed $1,436,044 to the fund, which saw a $473,725 decrease in revenue over 2017. Members contributed $509,762, or 26.1 percent, in 2018. Another $4,877 came from other unspecified sources.

Mundelein Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,082,398	$1,247,471	$1,305,730	$1,698,322	$1,436,044	32.7%
Pension members	$473,966	$448,699	$503,875	$725,747	$509,762	7.6%
Other Revenue	-$16,493	$677	$3,003	$339	$4,877	129.6%
Total	$1,539,871	$1,696,847	$1,812,608	$2,424,408	$1,950,683	26.7%