Analysis: Fox Lake pays $4 for every $1 pensioners contribute to Fox Lake FPD Firefighter's Pension Fund

By McHenry Times

Jul 8, 2020

Taxpayers contributed 80 percent of the $351,538 the Fox Lake FPD Firefighter's Pension Fund brought in 2018, or $4 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, Fox Lake contributed $281,361 to the fund, which saw a $44,615 increase in revenue over 2017. Members contributed $70,178, or 20 percent, in 2018.

Fox Lake FPD Firefighter's Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$165,000	$163,759	$234,500	$242,312	$281,361	70.5%
Pension members	$35,553	$49,890	$55,020	$64,611	$70,178	97.4%
Other Revenue	$0	$0	$0	$0	-$-1	-
Total	$200,553	$213,649	$289,520	$306,923	$351,538	75.3%