Analysis: McHenry pays $4.56 for every $1 pensioners contribute to Mchenry Police Pension Fund

By McHenry Times

Jul 16, 2020

Taxpayers contributed 82 percent of the $2,278,213 the Mchenry Police Pension Fund brought in 2018, or $4.56 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 $1,868,798 to the fund, which saw a $358,784 increase in revenue over 2017. Members contributed $409,415, or 18 percent, in 2018.

Mchenry Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,199,718	$1,295,101	$1,386,205	$1,521,914	$1,868,798	55.8%
Pension members	$448,033	$381,363	$513,111	$397,515	$409,415	-8.6%
Other Revenue	$11	$47	$0	$0	$0	-100%
Total	$1,647,762	$1,676,511	$1,899,316	$1,919,429	$2,278,213	38.3%