Analysis: Long Grove pays $2.65 for every $1 pensioners contribute to Long Grove Firefighters Pension Fund

By Lake County Gazette

Aug 2, 2020

Taxpayers contributed 73 percent of the $537,114 the Long Grove Firefighters Pension Fund brought in 2018, or $2.65 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, Long Grove contributed $392,023 to the fund, which saw a $61,766 increase in revenue over 2017. Members contributed $147,756, or 27.5 percent, in 2018.

Long Grove Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$790,701	$302,323	$323,468	$343,224	$392,023	-50.4%
Pension members	$283,175	$125,259	$129,913	$128,300	$147,756	-47.8%
Other Revenue	$7,537	$1,121	$1,451	$3,824	-$2,665	-135.4%
Total	$1,081,413	$428,703	$454,832	$475,348	$537,114	-50.3%