Analysis: New Lenox pays $3.60 for every $1 pensioners contribute to New Lenox FPD Firefighters Pension Fund

By Will County Gazette

Jul 23, 2020

Taxpayers contributed 77.1 percent of the $595,164 the New Lenox FPD Firefighters Pension Fund brought in 2018, or $3.60 for every $1 from pension members, according to a Will County Gazette analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, New Lenox contributed $459,093 to the fund, which saw a $11,590 decrease in revenue over 2017. Members contributed $127,390, or 21.4 percent, in 2018. Another $8,681 came from other unspecified sources.

New Lenox FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$368,905	$380,609	$362,982	$483,180	$459,093	24.4%
Pension members	$83,022	$94,295	$113,779	$118,090	$127,390	53.4%
Other Revenue	$48,111	$1	$3,893	$5,484	$8,681	-82%
Total	$500,038	$474,905	$480,654	$606,754	$595,164	19%