Analysis: This McHenry County pension fund sustains itself without subsidies
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
Algonquin Lake In The Hills Fire Protection District Pension Fund • Algonquin Police Pension Fund • Cary Fire Department Firefighters Pension Fund • Cary Police Pension Fund • Crystal Lake Firefighters Pension Fund • Crystal Lake Police Pension Fund • Fox River Grove Police Pension Fund • Harvard Police Pension Fund • Huntley Fire Protection District • Johnsburg Police Pension Fund • Lake In The Hills Police Pension Fund • Marengo Police Pension Fund • Woodstock Fire/Rescue Dist. Firefighters' Pension • Woodstock Police Pension Fund