Analysis: Cary pays $9.78 for every $1 pensioners contribute to Cary FPD Firefighters Pension Fund

By McHenry Times

Jul 4, 2020

Taxpayers contributed 90.7 percent of the $584,516 the Cary FPD Firefighters Pension Fund brought in 2018, or $9.78 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 $530,321 to the fund, which saw a $367,958 increase in revenue over 2017. Members contributed $54,195, or 9.3 percent, in 2018.

Cary FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$139,133	$154,910	$158,562	$164,596	$530,321	281.2%
Pension members	$48,158	$49,121	$52,364	$51,962	$54,195	12.5%
Other Revenue	$0	-$-1	$1	$0	$0	-
Total	$187,291	$204,030	$210,927	$216,558	$584,516	212.1%