Analysis: Cary pays $3.45 for every $1 pensioners contribute to Cary Police Pension Fund

By Local Labs News Service

May 18, 2018

Taxpayers contributed 77.6 percent of the $1,012,644 the Cary Police Pension Fund brought in last year, or $3.45 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, Cary contributed $785,340 to the fund, which saw a $160,158 increase in revenue over 2015. Members contributed $227,529, or 22.5 percent, in 2016.

Cary Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$442,092	$450,806	$508,418	$585,340	$785,340	77.6%
Pension members	$249,111	$215,900	$251,013	$236,518	$227,529	-8.7%
Other Revenue	$0	-$5,690	-$1,582	$30,628	-$225	-
Total	$691,203	$661,016	$757,849	$852,486	$1,012,644	46.5%