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McHenry Times

Tuesday, November 5, 2024

Analysis: Huntley pays $1.49 for every $1 pensioners contribute to Huntley Police Pension Fund

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Taxpayers contributed 59.9 percent of the $991,609 the Huntley Police Pension Fund brought in last year, or $1.49 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 $594,422 to the fund, which saw a $226,017 increase in revenue over 2015. Members contributed $397,187, or 40.1 percent, in 2016.

Huntley Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$318,578$354,417$462,721$481,703$594,42286.6%
Pension members$292,006$256,932$276,050$283,889$397,18736%
Other Revenue-$-1$0$0$0$0100%
Total$610,583$611,349$738,771$765,592$991,60962.4%

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