Analysis: Grayslake pays $2.77 for every $1 pensioners contribute to Grayslake FPD Firefighters Pension Fund

By Lake County Gazette

Jul 8, 2020

Taxpayers contributed 71.1 percent of the $1,128,413 the Grayslake FPD Firefighters Pension Fund brought in 2018, or $2.77 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 $802,384 to the fund, which saw a $130,926 increase in revenue over 2017. Members contributed $289,037, or 25.6 percent, in 2018. Another $36,992 came from other unspecified sources.

Grayslake FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$623,875	$633,075	$725,109	$745,862	$802,384	28.6%
Pension members	$286,695	$262,154	$272,027	$280,498	$289,037	0.8%
Other Revenue	$22,008	-$3,582	-$2,388	-$28,873	$36,992	68.1%
Total	$932,578	$891,647	$994,748	$997,487	$1,128,413	21%