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.
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.