McHenry Times

Without members and taxpayers subsidizing its revenue, the Lake In The Hills Police Pension Fund would have lost $2,451,686 in 2018, according to a McHenry Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

The fund has $28,112,980 in total assets. If the fund’s annual losses stay the same, it would run out of money in 12 years without these subsidies.

The fund lost $1,388,420 in investment income and other revenue in 2018. At the same time, it paid out $1,063,266 in expenses, according to the 2019 biennial report detailing the health of each of the state’s pension funds and retirement systems. The difference between the two shows the fund’s annual loss without subsidies.

Taxpayers added $1,369,010 to the fund’s revenue last year – an amount that has increased from $1,020,259 five years ago. Members contributed an additional $352,025 – $23,344 more than five years ago.

In all, subsidies amounted to $1,721,035 in 2018.

Year	Total non-subsidy revenue	Total expenses	Outcome without subsidies
2018	-$1,388,420	$1,063,266	-$2,451,686
2017	$3,005,954	$1,055,539	$1,950,415
2016	$1,386,255	$1,029,692	$356,563
2015	-$83,047	$811,845	-$894,892
2014	$1,173,525	$783,615	$389,910