Analysis: Highland Park pays $8.65 for every $1 pensioners contribute to Highland Park Firefighters Pension Fund

By Lake County Gazette

Jul 14, 2020

Taxpayers contributed 89.3 percent of the $4,518,343 the Highland Park Firefighters Pension Fund brought in 2018, or $8.65 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, Highland Park contributed $4,035,618 to the fund, which saw a $284,856 increase in revenue over 2017. Members contributed $466,052, or 10.3 percent, in 2018. Another $16,673 came from other unspecified sources.

Highland Park Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,411,833	$2,472,050	$3,412,844	$3,740,496	$4,035,618	67.3%
Pension members	$442,972	$448,056	$456,800	$498,658	$466,052	5.2%
Other Revenue	$25,332	-$19,233	$22,923	-$5,667	$16,673	-34.2%
Total	$2,880,137	$2,900,873	$3,892,567	$4,233,487	$4,518,343	56.9%