Analysis: Lake in the Hills pays $3.04 for every $1 pensioners contribute to Lake In The Hills Police Pension Fund

By Local Labs News Service

May 29, 2018

Taxpayers contributed 74.7 percent of the $1,671,015 the Lake In The Hills Police Pension Fund brought in last year, or $3.04 for every $1 from pension members, according to a McHenry Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Lake in the Hills contributed $1,248,941 to the fund, which saw a $258,039 increase in revenue over 2015. Members contributed $410,317, or 24.6 percent, in 2016. Another $11,757 came from other unspecified sources.

Lake In The Hills Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$933,602	$914,128	$1,020,259	$1,066,419	$1,248,941	33.8%
Pension members	$307,315	$441,719	$328,681	$347,585	$410,317	33.5%
Other Revenue	$9	$25	$62,674	-$1,028	$11,757	130533.3%
Total	$1,240,926	$1,355,872	$1,411,614	$1,412,976	$1,671,015	34.7%