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McHenry Times

Thursday, November 21, 2024

Analysis: Fox Lake pays $4.26 for every $1 pensioners contribute to Fox Lake Fpd Firefighter's Pension Fund

Budget 04

Taxpayers contributed 81 percent of the $289,520 the Fox Lake Fpd Firefighter's Pension Fund brought in last year, or $4.26 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, Fox Lake contributed $234,500 to the fund, which saw a $75,871 increase in revenue over 2015. Members contributed $55,020, or 19 percent, in 2016.

Fox Lake Fpd Firefighter's Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$62,106$104,000$165,000$163,759$234,500277.6%
Pension members$25,688$31,087$35,553$49,890$55,020114.2%
Other Revenue$0$0$0$0$0-
Total$87,794$135,087$200,553$213,649$289,520229.8%

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