Analysis: Gurnee pays $1.40 for every $1 pensioners contribute to Gurnee Police Pension Fund

By Lake County Gazette

Jul 12, 2020

Taxpayers contributed 58.3 percent of the $3,667,555 the Gurnee Police Pension Fund brought in 2018, or $1.40 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, Gurnee contributed $2,137,886 to the fund, which saw a $945,425 increase in revenue over 2017. Members contributed $1,519,677, or 41.4 percent, in 2018. Another $9,992 came from other unspecified sources.

Gurnee Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,163,598	$1,416,990	$1,590,485	$1,945,216	$2,137,886	83.7%
Pension members	$973,576	$1,151,530	$611,781	$774,770	$1,519,677	56.1%
Other Revenue	-$6,306	-$4,024	-$9,667	$2,144	$9,992	258.5%
Total	$2,130,868	$2,564,496	$2,192,599	$2,722,130	$3,667,555	72.1%