Analysis: Beach Park pays $4.45 for every $1 pensioners contribute to Beach Park FPD Firefighters Pension Fund

By Lake County Gazette

Jul 3, 2020

Taxpayers contributed 81.2 percent of the $266,372 the Beach Park FPD Firefighters Pension Fund brought in 2018, or $4.45 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, Beach Park contributed $216,303 to the fund, which saw a $26,460 increase in revenue over 2017. Members contributed $48,606, or 18.2 percent, in 2018. Another $1,463 came from other unspecified sources.

Beach Park FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$198,273	$191,304	$181,128	$191,392	$216,303	9.1%
Pension members	$42,548	$42,554	$43,667	$46,381	$48,606	14.2%
Other Revenue	-$3,803	$1,805	$736	$2,139	$1,463	138.5%
Total	$237,018	$235,663	$225,531	$239,912	$266,372	12.4%