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Lake County Gazette

Friday, November 22, 2024

Analysis: Fox Lake pays $3.45 for every $1 pensioners contribute to Fox Lake Police Pension Fund

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Taxpayers contributed 78 percent of the $841,617 the Fox Lake Police Pension Fund brought in 2018, or $3.45 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, Fox Lake contributed $656,677 to the fund, which saw a $52,103 decrease in revenue over 2017. Members contributed $189,901, or 22.6 percent, in 2018.

Fox Lake Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$475,218$684,444$692,803$718,995$656,67738.2%
Pension members$192,450$190,771$196,573$166,723$189,901-1.3%
Other Revenue$0-$3,649$2,718$8,002-$4,961-
Total$667,668$871,566$892,094$893,720$841,61726.1%

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