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McLean County Times

Friday, November 15, 2024

Analysis: Normal pays $3.30 for every $1 pensioners contribute to Normal Firefighters Pension Fund

Budget 06

Taxpayers contributed 76.8 percent of the $1,991,189 the Normal Firefighters Pension Fund brought in last year, or $3.30 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, Normal contributed $1,528,405 to the fund, which saw a $162,740 increase in revenue over 2015. Members contributed $462,784, or 23.2 percent, in 2016.

Normal Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,308,803$1,020,279$1,096,480$1,386,559$1,528,40516.8%
Pension members$413,422$416,098$430,468$441,881$462,78411.9%
Other Revenue$33-$-1$13$9$0-100%
Total$1,722,258$1,436,376$1,526,961$1,828,449$1,991,18915.6%

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