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Lake County Gazette

Tuesday, November 5, 2024

Analysis: Kildeer pays $12.10 for every $1 pensioners contribute to Kildeer Police Pension Fund

Budget 07

Taxpayers contributed 92.4 percent of the $757,808 the Kildeer Police Pension Fund brought in 2018, or $12.10 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, Kildeer contributed $700,000 to the fund, which saw a $58,692 increase in revenue over 2017. Members contributed $57,808, or 7.6 percent, in 2018.

Kildeer Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$455,617$450,000$600,000$650,000$700,00053.6%
Pension members$48,438$39,978$43,892$49,115$57,80819.3%
Other Revenue$4$1$1$1$0-100%
Total$504,059$489,979$643,893$699,116$757,80850.3%

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