Analysis: Marengo pays $4.23 for every $1 pensioners contribute to Marengo Police Pension Fund

By McHenry Times

Jul 15, 2020

Taxpayers contributed 80.7 percent of the $513,159 the Marengo Police Pension Fund brought in 2018, or $4.23 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, Marengo contributed $414,202 to the fund, which saw a $152,913 increase in revenue over 2017. Members contributed $97,880, or 19.1 percent, in 2018. Another $1,077 came from other unspecified sources.

Marengo Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$240,156	$265,941	$259,382	$262,346	$414,202	72.5%
Pension members	$95,342	$108,010	$108,697	$100,769	$97,880	2.7%
Other Revenue	$21,929	$4,077	$2,173	-$2,869	$1,077	-95.1%
Total	$357,427	$378,028	$370,252	$360,246	$513,159	43.6%