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McHenry Times

Tuesday, November 5, 2024

Analysis: Huntley pays $1.91 for every $1 pensioners contribute to Huntley Fpd Firefighters Pension Fund

Budget 04

Taxpayers contributed 65.2 percent of the $1,464,324 the Huntley Fpd Firefighters Pension Fund brought in last year, or $1.91 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, Huntley contributed $955,414 to the fund, which saw a $216,087 decrease in revenue over 2015. Members contributed $499,515, or 34.1 percent, in 2016. Another $9,395 came from other unspecified sources.

Huntley Fpd Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$890,194$888,150$953,734$1,204,151$955,4147.3%
Pension members$389,801$409,910$449,402$466,710$499,51528.1%
Other Revenue$1-$20,033$74,484$9,550$9,395939400%
Total$1,279,996$1,278,027$1,477,620$1,680,411$1,464,32414.4%

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