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McLean County Times

Saturday, May 18, 2024

McLean County pension funds: Where do taxpayers contribute least?

Budget007

Government pension funds in Pontiac, Normal and Bloomington depended least on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.

Pension funds in Illinois rely on cash from taxpayers, contributions from members, returns on investment and other revenue to meet their obligations.

How much did pension funds in your community depend on taxpayers in 2016?

McLean County pension funds with smallest taxpayer share

Rank
Fund
City
County
Total revenue in 2016
From taxpayers
1
Pontiac Firefighters Pension Fund
Pontiac
Livingston County
$372,161
$299,429
2
Pontiac Police Pension Fund
Pontiac
Livingston County
$416,821
$308,389
3
Normal Firefighters Pension Fund
Normal
McLean County
$1,991,189
$1,528,405
4
Normal Police Pension Fund
Normal
McLean County
$2,342,341
$1,739,249
5
Bloomington Firefighters Pension Fund
Bloomington
McLean County
$5,225,267
$4,416,266
6
Bloomington Police Pension Fund
Bloomington
McLean County
$5,849,199
$4,690,359

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