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McHenry Times

Friday, November 22, 2024

Analysis: Crystal Lake pays $3.55 for every $1 pensioners contribute to Crystal Lake Police Pension Fund

Budget 09

Taxpayers contributed 78 percent of the $2,638,901 the Crystal Lake Police Pension Fund brought in last year, or $3.55 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 $2,059,342 to the fund, which saw a $291,406 increase in revenue over 2015. Members contributed $579,535, or 22 percent, in 2016. Another $24 came from other unspecified sources.

Crystal Lake Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,834,036$1,832,203$1,844,723$1,778,970$2,059,34212.3%
Pension members$528,711$526,783$553,800$568,526$579,5359.6%
Other Revenue$0$1$1-$-1$24-
Total$2,362,747$2,358,987$2,398,524$2,347,495$2,638,90111.7%

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