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McHenry Times

Tuesday, November 5, 2024

Analysis: McHenry pays $1.16 for every $1 pensioners contribute to Mchenry Township Firefighters Pension Fund

Budget 02

Taxpayers contributed 53.4 percent of the $275,866 the Mchenry Township Firefighters Pension Fund brought in last year, or $1.16 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 $147,266 to the fund, which saw a $239,206 increase in revenue over 2015. Members contributed $126,483, or 45.8 percent, in 2016. Another $2,117 came from other unspecified sources.

Mchenry Township Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$0$1,545,000$2,000,000$0$147,266-
Pension members$11,396$19,504$26,538$33,133$126,4831009.9%
Other Revenue$0$5,930$7,852$3,527$2,117-
Total$11,396$1,570,434$2,034,390$36,660$275,8662320.7%

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