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Lake County Gazette

Monday, December 23, 2024

Analysis: Libertyville pays $5.26 for every $1 pensioners contribute to Libertyville Police Pension Fund

Budget01

Taxpayers contributed 84 percent of the $2,400,065 the Libertyville Police Pension Fund brought in 2018, or $5.26 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, Libertyville contributed $2,016,850 to the fund, which saw a $282,179 increase in revenue over 2017. Members contributed $383,216, or 16 percent, in 2018.

Libertyville Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,232,893$1,414,282$2,306,006$1,747,588$2,016,85063.6%
Pension members$326,725$356,188$374,176$370,298$383,21617.3%
Other Revenue-$-1$0$150$0-$-10%
Total$1,559,617$1,770,470$2,680,332$2,117,886$2,400,06553.9%

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