A pension fund in Lake in the Hills could sustain itself longest without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
Pension funds record revenue from investment income and other revenue, in addition to being subsidized by municipal taxes and member contributions. Taking those subsidies out of the equation and assuming the funds annual expenses are the same, the following table shows how long it would take for a pension fund to run out of money.
Which McHenry County pension funds are self-sustaining?
| Fund | City | Total Non-Subsidy Revenue | Total Expenses | Total Annual Loss without Subsidy | Years Until Assets Spent |
| Lake In The Hills Police Pension Fund | Lake in the Hills | $1,386,255 | $1,029,692 | $356,563 | 70.72 |
ORGANIZATIONS IN THIS STORY
Johnsburg Police Pension Fund• Algonquin Police Pension Fund• Fox River Grove Police Pension Fund• Woodstock Fire/Rescue Dist. Firefighters' Pension• Harvard Police Pension Fund• Woodstock Police Pension Fund• Crystal Lake Firefighters Pension Fund• Lake In The Hills Police Pension Fund• Cary Police Pension Fund• Cary Fire Department Firefighters Pension Fund• Marengo Police Pension Fund• Crystal Lake Police Pension Fund• Algonquin Lake In The Hills Fire Protection District Pension Fund• Huntley Fire Protection District
!RECEIVE ALERTS
The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
DONATE
Help support the Metric Media Foundation's mission to restore community based news.
Alerts Sign-up