Analysis: Lakemoor pays $1.53 for every $1 pensioners contribute to Lakemoor Police Pension Fund

By Lake County Gazette

Jul 27, 2020

Taxpayers contributed 60.6 percent of the $239,730 the Lakemoor Police Pension Fund brought in 2018, or $1.53 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, Lakemoor contributed $145,213 to the fund, which saw a $148,432 decrease in revenue over 2017. Members contributed $94,518, or 39.4 percent, in 2018.

Lakemoor Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$0	$0	$0	$300,000	$145,213	-
Pension members	$71,459	$130,437	$78,052	$88,162	$94,518	32.3%
Other Revenue	$0	$132,545	$801	$0	-$-1	-
Total	$71,459	$262,982	$78,853	$388,162	$239,730	235.5%