Analysis: Cary pays $3.54 for every $1 pensioners contribute to Cary Police Pension Fund

By McHenry Times

Jul 5, 2020

Taxpayers contributed 77.8 percent of the $1,036,715 the Cary Police Pension Fund brought in 2018, or $3.54 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, Cary contributed $806,626 to the fund, which saw a $97,268 increase in revenue over 2017. Members contributed $227,763, or 22 percent, in 2018. Another $2,326 came from other unspecified sources.

Cary Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$508,418	$585,340	$785,340	$720,351	$806,626	58.7%
Pension members	$251,013	$236,518	$227,529	$231,912	$227,763	-9.3%
Other Revenue	-$1,582	$30,628	-$225	-$12,816	$2,326	247%
Total	$757,849	$852,486	$1,012,644	$939,447	$1,036,715	36.8%