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McHenry Times

Thursday, November 21, 2024

Analysis: Fox River Grove pays $25.65 for every $1 pensioners contribute to Fox River Grove Police Pension Fund

Budget 05

Taxpayers contributed 96.2 percent of the $1,517,209 the Fox River Grove Police Pension Fund brought in last year, or $25.65 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 River Grove contributed $1,458,831 to the fund, which saw a $1,138,804 increase in revenue over 2015. Members contributed $56,871, or 3.7 percent, in 2016. Another $1,507 came from other unspecified sources.

Fox River Grove Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$253,353$267,929$294,220$325,362$1,458,831475.8%
Pension members$48,816$52,454$55,452$53,043$56,87116.5%
Other Revenue-$-1$0$0$0$1,507150800%
Total$302,168$320,383$349,672$378,405$1,517,209402.1%

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