Analysis: Harvard pays $3.87 for every $1 pensioners contribute to Harvard Police Pension Fund

By McHenry Times

Jul 10, 2020

Taxpayers contributed 79.7 percent of the $686,907 the Harvard Police Pension Fund brought in 2018, or $3.87 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, Harvard contributed $547,123 to the fund, which saw a $14,317 increase in revenue over 2017. Members contributed $141,312, or 20.6 percent, in 2018.

Harvard Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$421,802	$461,772	$494,857	$523,007	$547,123	29.7%
Pension members	$136,795	$135,471	$140,321	$142,810	$141,312	3.3%
Other Revenue	$18,298	$133,802	$7,153	$6,773	-$1,528	-108.4%
Total	$576,895	$731,045	$642,331	$672,590	$686,907	19.1%