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.
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.