Analysis: Libertyville pays $3.74 for every $1 pensioners contribute to Libertyville Firefighters Pension Fund

By Lake County Gazette

Jul 28, 2020

Taxpayers contributed 78.9 percent of the $1,876,196 the Libertyville Firefighters Pension Fund brought in 2018, or $3.74 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 $1,480,532 to the fund, which saw a $232,529 increase in revenue over 2017. Members contributed $395,420, or 21.1 percent, in 2018. Another $244 came from other unspecified sources.

Libertyville Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,034,777	$1,195,542	$1,647,860	$1,260,294	$1,480,532	43.1%
Pension members	$331,231	$392,273	$383,487	$379,827	$395,420	19.4%
Other Revenue	$24,393	-$1,170	-$11,605	$3,546	$244	-99%
Total	$1,390,401	$1,586,645	$2,019,742	$1,643,667	$1,876,196	34.9%