Analysis: Lake in the Hills pays $3.13 for every $1 pensioners contribute to Algonquin Lake In The Hills Fpd Pension Fund

By Local Labs News Service

May 15, 2018

Taxpayers contributed 75.9 percent of the $1,500,029 the Algonquin Lake In The Hills Fpd Pension Fund brought in last year, or $3.13 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, Lake in the Hills contributed $1,138,707 to the fund, which saw a $77,365 increase in revenue over 2015. Members contributed $363,559, or 24.2 percent, in 2016.

Algonquin Lake In The Hills Fpd Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$935,737	$901,621	$943,136	$1,038,605	$1,138,707	21.7%
Pension members	$334,711	$348,744	$373,760	$376,984	$363,559	8.6%
Other Revenue	$51	$3,074	$9,607	$7,075	-$2,237	-4486.3%
Total	$1,270,499	$1,253,439	$1,326,503	$1,422,664	$1,500,029	18.1%