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McHenry Times

Friday, November 22, 2024

Analysis: Crystal Lake pays $3.02 for every $1 pensioners contribute to Cary Fpd Firefighters Pension Fund

Budget04

Taxpayers contributed 75.2 percent of the $210,927 the Cary Fpd Firefighters Pension Fund brought in last year, or $3.02 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, Crystal Lake contributed $158,562 to the fund, which saw a $6,897 increase in revenue over 2015. Members contributed $52,364, or 24.8 percent, in 2016. Another $1 came from other unspecified sources.

Cary Fpd Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$532,989$135,697$139,133$154,910$158,562-70.3%
Pension members$44,996$47,313$48,158$49,121$52,36416.4%
Other Revenue$0$1$0-$-1$1-
Total$577,985$183,011$187,291$204,030$210,927-63.5%

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