Analysis: Lake Zurich pays $4.67 for every $1 pensioners contribute to Lake Zurich Firefighters Pension Fund

By Lake County Gazette

Jul 25, 2020

Taxpayers contributed 82.7 percent of the $2,786,544 the Lake Zurich Firefighters Pension Fund brought in 2018, or $4.67 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, Lake Zurich contributed $2,304,265 to the fund, which saw a $40,238 increase in revenue over 2017. Members contributed $492,619, or 17.7 percent, in 2018.

Lake Zurich Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,724,777	$1,904,487	$1,911,342	$2,176,385	$2,304,265	33.6%
Pension members	$488,139	$457,701	$328,920	$562,401	$492,619	0.9%
Other Revenue	$11,534	$3,755	-$2,492	$7,520	-$10,340	-189.6%
Total	$2,224,450	$2,365,943	$2,237,770	$2,746,306	$2,786,544	25.3%