Analysis: Crystal Lake pays $3.37 for every $1 pensioners contribute to Crystal Lake Firefighters Pension Fund

By Local Labs News Service

May 19, 2018

Taxpayers contributed 77.2 percent of the $2,499,911 the Crystal Lake Firefighters Pension Fund brought in last year, or $3.37 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 $1,928,928 to the fund, which saw a $404,752 increase in revenue over 2015. Members contributed $570,933, or 22.8 percent, in 2016. Another $50 came from other unspecified sources.

Crystal Lake Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,541,622	$1,540,031	$1,618,264	$1,555,672	$1,928,928	25.1%
Pension members	$490,262	$567,355	$522,280	$539,487	$570,933	16.5%
Other Revenue	$20	$0	$0	$0	$50	150%
Total	$2,031,904	$2,107,386	$2,140,544	$2,095,159	$2,499,911	23%