Analysis: Lake Forest pays $5.51 for every $1 pensioners contribute to Lake Forest Police Pension Fund

By Lake County Gazette

Jul 22, 2020

Taxpayers contributed 84.5 percent of the $2,478,984 the Lake Forest Police Pension Fund brought in 2018, or $5.51 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 Forest contributed $2,094,125 to the fund, which saw a $214,126 increase in revenue over 2017. Members contributed $379,500, or 15.3 percent, in 2018. Another $5,359 came from other unspecified sources.

Lake Forest Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,563,964	$1,706,203	$1,806,270	$1,895,500	$2,094,125	33.9%
Pension members	$345,616	$360,156	$373,216	$371,695	$379,500	9.8%
Other Revenue	-$23,127	-$18,001	-$119	-$2,337	$5,359	123.2%
Total	$1,886,453	$2,048,358	$2,179,367	$2,264,858	$2,478,984	31.4%