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Lake County Gazette

Friday, November 22, 2024

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

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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
20142015201620172018Change 2014-2018
Municipality$540,634$609,358$609,619$702,130$792,87046.7%
Pension members$125,160$133,245$138,489$138,216$138,09710.3%
Other Revenue$0$0$50$0$0-
Total$665,794$742,603$748,158$840,346$930,96739.8%

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