Analysis: Round Lake pays $2.73 for every $1 pensioners contribute to Greater Round Lake FPD Firefighters Pension Fund

By Lake County Gazette

Jul 10, 2020

Taxpayers contributed 72.3 percent of the $1,195,291 the Greater Round Lake FPD Firefighters Pension Fund brought in 2018, or $2.73 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, Round Lake contributed $864,480 to the fund, which saw a $97,354 increase in revenue over 2017. Members contributed $316,499, or 26.5 percent, in 2018. Another $14,312 came from other unspecified sources.

Greater Round Lake FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$867,364	$747,847	$823,234	$787,172	$864,480	-0.3%
Pension members	$280,346	$284,843	$310,072	$311,298	$316,499	12.9%
Other Revenue	$10,663	$0	$0	-$533	$14,312	34.2%
Total	$1,158,373	$1,032,690	$1,133,306	$1,097,937	$1,195,291	3.2%