Analysis: Lake Villa pays $5.74 for every $1 pensioners contribute to Lake Villa Police Pension Fund

By Lake County Gazette

Jul 24, 2020

Taxpayers contributed 85.2 percent of the $930,967 the Lake Villa Police Pension Fund brought in 2018, or $5.74 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, Lake Villa contributed $792,870 to the fund, which saw a $90,621 increase in revenue over 2017. Members contributed $138,097, or 14.8 percent, in 2018.

Lake Villa Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$540,634	$609,358	$609,619	$702,130	$792,870	46.7%
Pension members	$125,160	$133,245	$138,489	$138,216	$138,097	10.3%
Other Revenue	$0	$0	$50	$0	$0	-
Total	$665,794	$742,603	$748,158	$840,346	$930,967	39.8%