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McLean County Times

Friday, May 17, 2024

Rankings: 6 best funded pensions in McLean County

Money 06

Pontiac, Normal and Bloomington have government pension funds with the highest funding levels in McLean County, according to the Illinois Department of Insurance.

If the amount a pension fund is obligated to pay pensioners outpaces the funds it has on hand, the fund is in the precarious position of carrying unfunded liabilities.

The healthiest funds have a funding position at or above 100 percent. Any fund whose position is below 100 percent is unable to meet its pension obligations.

Where do your community's public pension funds rank?

McLean County's healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Pontiac Police Pension Fund
Pontiac
Livingston County
67.65
2
Normal Firefighters Pension Fund
Normal
McLean County
56.48
3
Pontiac Firefighters Pension Fund
Pontiac
Livingston County
55.76
4
Bloomington Police Pension Fund
Bloomington
McLean County
52.89
5
Normal Police Pension Fund
Normal
McLean County
52.35
6
Bloomington Firefighters Pension Fund
Bloomington
McLean County
50.07

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