Analysis: Grayslake pays $2.70 for every $1 pensioners contribute to Grayslake Police Pension Fund

By Lake County Gazette

Jul 9, 2020

Taxpayers contributed 73 percent of the $1,111,564 the Grayslake Police Pension Fund brought in 2018, or $2.70 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, Grayslake contributed $811,181 to the fund, which saw a $225,875 increase in revenue over 2017. Members contributed $300,383, or 27 percent, in 2018.

Grayslake Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$707,434	$931,452	$748,319	$588,852	$811,181	14.7%
Pension members	$284,069	$283,529	$288,233	$296,837	$300,383	5.7%
Other Revenue	$0	$0	$0	$0	$0	-
Total	$991,503	$1,214,981	$1,036,552	$885,689	$1,111,564	12.1%