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McHenry Times

Thursday, November 21, 2024

Analysis: Huntley pays $2.54 for every $1 pensioners contribute to Huntley Police Pension Fund

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Taxpayers contributed 70.1 percent of the $1,157,951 the Huntley Police Pension Fund brought in 2018, or $2.54 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, Huntley contributed $811,523 to the fund, which saw a $238,466 increase in revenue over 2017. Members contributed $318,896, or 27.5 percent, in 2018. Another $27,532 came from other unspecified sources.

Huntley Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$462,721$481,703$594,422$613,686$811,52375.4%
Pension members$276,050$283,889$397,187$305,799$318,89615.5%
Other Revenue$0$0$0$0$27,532-
Total$738,771$765,592$991,609$919,485$1,157,95156.7%

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