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McHenry Times

Tuesday, November 5, 2024

Rankings: 10 best funded pensions in McHenry County

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McHenry, Huntley and Spring Grove have government pension funds with the highest funding levels in McHenry County, according to the Illinois Department of Insurance.

If the amount a pension fund is obligated to pay pensioners outpaces the funds it has on hand, the fund is in the precarious position of carrying unfunded liabilities.

The healthiest funds have a funding position at or above 100 percent. Any fund whose position is below 100 percent is unable to meet its pension obligations.

Where do your community's public pension funds rank?

McHenry County's healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Mchenry Township Firefighters Pension Fund
McHenry
McHenry County
515.83
2
HUNTLEY FPD FIREFIGHTERS PENSION FUND
Huntley
McHenry County
89.28
3
FOX LAKE FPD FIREFIGHTER'S PENSION FUND
Spring Grove
McHenry County
85.25
4
Lake In The Hills Police Pension Fund
Lake in the Hills
McHenry County
80.72
5
ALGONQUIN LAKE IN THE HILLS FPD PENSION FUND
Lake in the Hills
McHenry County
77.83
6
Crystal Lake Firefighters Pension Fund
Crystal Lake
McHenry County
70.04
7
Harvard Police Pension Fund
Harvard
McHenry County
65.82
8
Algonquin Police Pension Fund
Algonquin
McHenry County
65.66
9
Woodstock Police Pension Fund
Woodstock
McHenry County
63.66
10
WOODSTOCK FIRE/RESCUE DIST. FIREFIGHTERS' PENSION
Woodstock
McHenry County
62.90

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