Analysis: Lake Zurich pays $2.95 for every $1 pensioners contribute to Hawthorn Woods Police Pension Fund

By Lake County Gazette

Jul 13, 2020

Taxpayers contributed 74.4 percent of the $456,666 the Hawthorn Woods Police Pension Fund brought in 2018, or $2.95 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 Zurich contributed $339,582 to the fund, which saw a $33,791 increase in revenue over 2017. Members contributed $115,071, or 25.2 percent, in 2018. Another $2,013 came from other unspecified sources.

Hawthorn Woods Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$234,261	$280,551	$280,223	$308,036	$339,582	45%
Pension members	$79,573	$106,136	$106,897	$112,506	$115,071	44.6%
Other Revenue	$0	$0	$5,607	$2,333	$2,013	-
Total	$313,834	$386,687	$392,727	$422,875	$456,666	45.5%