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Lake County Gazette

Thursday, November 21, 2024

Analysis: Antioch pays $5.68 for every $1 pensioners contribute to Antioch Police Pension Fund

Budget 08

Taxpayers contributed 85 percent of the $1,584,532 the Antioch Police Pension Fund brought in 2018, or $5.68 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, Antioch contributed $1,347,509 to the fund, which saw a $281,454 increase in revenue over 2017. Members contributed $237,024, or 15 percent, in 2018.

Antioch Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$784,690$852,360$930,548$1,082,203$1,347,50971.7%
Pension members$216,294$221,041$216,826$220,875$237,0249.6%
Other Revenue$0$0$0$0-$-1-
Total$1,000,984$1,073,401$1,147,374$1,303,078$1,584,53258.3%

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