Analysis: McHenry pays $0 for every $1 pensioners contribute to Mchenry Township Firefighters Pension Fund

By McHenry Times

Jul 17, 2020

Taxpayers contributed 0 percent of the $43,133 the Mchenry Township Firefighters Pension Fund brought in 2018, or $0 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 $0 to the fund, which saw a $1,658 decrease in revenue over 2017. Members contributed $44,280, or 102.7 percent, in 2018.

Mchenry Township Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,000,000	$0	$147,266	$0	$0	-100%
Pension members	$26,538	$33,133	$126,483	$41,757	$44,280	66.9%
Other Revenue	$7,852	$3,527	$2,117	$3,034	-$1,147	-114.6%
Total	$2,034,390	$36,660	$275,866	$44,791	$43,133	-97.9%