Analysis: Lake in the Hills pays $3.88 for every $1 pensioners contribute to Lake In The Hills Police Pension Fund

By McHenry Times

Jul 14, 2020

Taxpayers contributed 79.3 percent of the $1,727,347 the Lake In The Hills Police Pension Fund brought in 2018, or $3.88 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 $1,369,010 to the fund, which saw a $51,815 increase in revenue over 2017. Members contributed $352,025, or 20.4 percent, in 2018. Another $6,312 came from other unspecified sources.

Lake In The Hills Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,020,259	$1,066,419	$1,248,941	$1,292,435	$1,369,010	34.2%
Pension members	$328,681	$347,585	$410,317	$379,712	$352,025	7.1%
Other Revenue	$62,674	-$1,028	$11,757	$3,385	$6,312	-89.9%
Total	$1,411,614	$1,412,976	$1,671,015	$1,675,532	$1,727,347	22.4%