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

By Local Labs News Service

Jun 1, 2018

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

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$0	$1,545,000	$2,000,000	$0	$147,266	-
Pension members	$11,396	$19,504	$26,538	$33,133	$126,483	1009.9%
Other Revenue	$0	$5,930	$7,852	$3,527	$2,117	-
Total	$11,396	$1,570,434	$2,034,390	$36,660	$275,866	2320.7%