Analysis: Marengo pays $2.38 for every $1 pensioners contribute to Marengo Police Pension Fund

By Local Labs News Service

May 30, 2018

Taxpayers contributed 70.1 percent of the $370,252 the Marengo Police Pension Fund brought in last year, or $2.38 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, Marengo contributed $259,382 to the fund, which saw a $7,776 decrease in revenue over 2015. Members contributed $108,697, or 29.4 percent, in 2016. Another $2,173 came from other unspecified sources.

Marengo Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$159,920	$192,417	$240,156	$265,941	$259,382	62.2%
Pension members	$94,959	$96,034	$95,342	$108,010	$108,697	14.5%
Other Revenue	$1	$0	$21,929	$4,077	$2,173	217200%
Total	$254,880	$288,451	$357,427	$378,028	$370,252	45.3%