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McLean County Times

Friday, November 15, 2024

Analysis: Pontiac pays $4.11 for every $1 pensioners contribute to Pontiac Firefighters Pension Fund

Budget 11

Taxpayers contributed 80.5 percent of the $372,161 the Pontiac Firefighters Pension Fund brought in last year, or $4.11 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, Pontiac contributed $299,429 to the fund, which saw a $24 decrease in revenue over 2015. Members contributed $72,732, or 19.5 percent, in 2016.

Pontiac Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$219,508$217,033$302,049$301,499$299,42936.4%
Pension members$68,828$64,796$68,790$70,686$72,7325.7%
Other Revenue$115$101-$356,602$0$0-100%
Total$288,451$281,930$14,237$372,185$372,16129%

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