Analysis: Gurnee pays $3.47 for every $1 pensioners contribute to Gurnee Firefighters Pension Fund

By Lake County Gazette

Jul 11, 2020

Taxpayers contributed 77.3 percent of the $2,248,618 the Gurnee Firefighters Pension Fund brought in 2018, or $3.47 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 $1,738,081 to the fund, which saw a $15,637 increase in revenue over 2017. Members contributed $500,248, or 22.2 percent, in 2018. Another $10,289 came from other unspecified sources.

Gurnee Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,009,521	$1,239,754	$1,471,445	$1,700,217	$1,738,081	72.2%
Pension members	$432,721	$481,701	$504,573	$519,070	$500,248	15.6%
Other Revenue	$0	$73,499	$7,444	$13,694	$10,289	-
Total	$1,442,242	$1,794,954	$1,983,462	$2,232,981	$2,248,618	55.9%