Analysis: Harvard pays $3.52 for every $1 pensioners contribute to Harvard Police Pension Fund

By Local Labs News Service

May 25, 2018

Taxpayers contributed 77 percent of the $642,331 the Harvard Police Pension Fund brought in last year, or $3.52 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, Harvard contributed $494,857 to the fund, which saw a $88,714 decrease in revenue over 2015. Members contributed $140,321, or 21.8 percent, in 2016. Another $7,153 came from other unspecified sources.

Harvard Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$389,017	$393,898	$421,802	$461,772	$494,857	27.2%
Pension members	$137,381	$137,005	$136,795	$135,471	$140,321	2.1%
Other Revenue	$1	$248,176	$18,298	$133,802	$7,153	715200%
Total	$526,399	$779,079	$576,895	$731,045	$642,331	22%