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McHenry Times

Sunday, November 24, 2024

Analysis: Spring Grove pays $6.44 for every $1 pensioners contribute to Spring Grove Police Pension Fund

Budget 11

Taxpayers contributed 86.6 percent of the $383,536 the Spring Grove Police Pension Fund brought in last year, or $6.44 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, Spring Grove contributed $332,003 to the fund, which saw a $31,811 increase in revenue over 2015. Members contributed $51,533, or 13.4 percent, in 2016.

Spring Grove Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$157,256$161,335$282,537$295,297$332,003111.1%
Pension members$49,004$53,903$56,930$56,429$51,5335.2%
Other Revenue$0$0-$-1-$-1$0-
Total$206,260$215,238$339,466$351,725$383,53685.9%

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