Analysis: McHenry pays $2.70 for every $1 pensioners contribute to Mchenry Police Pension Fund

By Local Labs News Service

May 31, 2018

Taxpayers contributed 73 percent of the $1,899,316 the Mchenry Police Pension Fund brought in last year, or $2.70 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, McHenry contributed $1,386,205 to the fund, which saw a $222,805 increase in revenue over 2015. Members contributed $513,111, or 27 percent, in 2016.

Mchenry Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,241,647	$1,199,655	$1,199,718	$1,295,101	$1,386,205	11.6%
Pension members	$339,240	$350,434	$448,033	$381,363	$513,111	51.3%
Other Revenue	$1	$1	$11	$47	$0	-100%
Total	$1,580,888	$1,550,090	$1,647,762	$1,676,511	$1,899,316	20.1%