Harvard Police Pension Funding at 60%

Municipal police pension funding is well below the radar of local citizens.

Most probably don’t even know that local property taxes pay for them.

Or the extent of underfunding.

Today, McHenry County Blog will start looking at them

Harvard will be first.

This shows Harvard Police Pension funding information for the first decade of this century.

Funding went from 76% in the first year of the new century down to 60.4% in 2010.

The unfunded liability went from $884,302 to $3.7 million.

The State of Illinois is about 45% of full funding.


Comments

Harvard Police Pension Funding at 60% — 1 Comment

  1. I’m not really sure about this…. should the pension fund really be funded at 100%?

    I wouldn’t think that is always necessary even though the initial thought may be that it should.

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