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McHenry Times

Friday, November 22, 2024

Analysis: Woodstock pays $3.13 for every $1 pensioners contribute to Woodstock Police Pension Fund

Budget 03

Taxpayers contributed 75.8 percent of the $1,249,082 the Woodstock Police Pension Fund brought in last year, or $3.13 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, Woodstock contributed $946,589 to the fund, which saw a $23,275 decrease in revenue over 2015. Members contributed $302,301, or 24.2 percent, in 2016. Another $192 came from other unspecified sources.

Woodstock Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$854,862$862,721$882,336$930,616$946,58910.7%
Pension members$289,777$277,616$292,123$340,776$302,3014.3%
Other Revenue$8,706$5,602$1$965$192-97.8%
Total$1,153,345$1,145,939$1,174,460$1,272,357$1,249,0828.3%

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