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McLean County Times

Friday, November 15, 2024

Analysis: Bloomington pays $5.45 for every $1 pensioners contribute to Bloomington Firefighters Pension Fund

Budget 01

Taxpayers contributed 84.5 percent of the $5,225,267 the Bloomington Firefighters Pension Fund brought in last year, or $5.45 for every $1 from pension members, according to a McLean County Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Bloomington contributed $4,416,266 to the fund, which saw a $475,958 increase in revenue over 2015. Members contributed $808,931, or 15.5 percent, in 2016. Another $70 came from other unspecified sources.

Bloomington Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$3,460,505$3,115,854$2,910,842$3,945,587$4,416,26627.6%
Pension members$677,666$694,258$802,467$803,647$808,93119.4%
Other Revenue$0-$-1$50$75$70-
Total$4,138,171$3,810,111$3,713,359$4,749,309$5,225,26726.3%

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