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McHenry Times

Tuesday, November 5, 2024

Rankings: 10 worst funded pensions in McHenry County

Money 02

Fox River Grove, Johnsburg and Marengo have government pension funds with the lowest 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 unhealthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Fox River Grove Police Pension Fund
Fox River Grove
McHenry County
28.67
2
Johnsburg Police Pension Fund
Johnsburg
McHenry County
40.05
3
Marengo Police Pension Fund
Marengo
McHenry County
44.01
4
Spring Grove Police Pension Fund
Spring Grove
McHenry County
51.26
5
Huntley Police Pension Fund
Huntley
McHenry County
51.37
6
Cary Police Pension Fund
Cary
McHenry County
51.47
7
Mchenry Police Pension Fund
McHenry
McHenry County
53.76
8
Crystal Lake Police Pension Fund
Crystal Lake
McHenry County
59.22
9
WOODSTOCK FIRE/RESCUE DIST. FIREFIGHTERS' PENSION
Woodstock
McHenry County
62.90
10
Woodstock Police Pension Fund
Woodstock
McHenry County
63.66

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