Lake in the Hills Police Pension Fund at 72%

Yesterday we saw that the Harvard Police Pension Fund was funded at 60% of the money necessary to pay for the retirement obligations incurred.

The fund in Lake in the Hills is in substantially better shape.

The Lake in the Hills Police Pension Fund figures from 2006-2011.

With pension funding at almost 72%, the Village of Lake in the Hills has obligations to present and future retirees of $6.4 million which is not accounted for.

Five years ago, the funding figure was almost 75% with $3.5 million not yet accounted for.

By contrast, the State of Illinois’ unfunded pension figure is 45%, the worst of any state in the United States.

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