Analysis: Lake in the Hills pays $3.55 for every $1 pensioners contribute to Algonquin Lake In The Hills FPD Pension Fund

By McHenry Times

Jul 2, 2020

Taxpayers contributed 78 percent of the $1,853,131 the Algonquin Lake In The Hills FPD Pension Fund brought in 2018, or $3.55 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, Lake in the Hills contributed $1,445,121 to the fund, which saw a $262,210 increase in revenue over 2017. Members contributed $406,808, or 22 percent, in 2018. Another $1,202 came from other unspecified sources.

Algonquin Lake In The Hills FPD Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$943,136	$1,038,605	$1,138,707	$1,323,261	$1,445,121	53.2%
Pension members	$373,760	$376,984	$363,559	$276,872	$406,808	8.8%
Other Revenue	$9,607	$7,075	-$2,237	-$9,212	$1,202	-87.5%
Total	$1,326,503	$1,422,664	$1,500,029	$1,590,921	$1,853,131	39.7%