Analysis: Normal pays $3.36 for every $1 pensioners contribute to Normal Firefighters Pension Fund

By McLean County Times

Jul 4, 2020

Taxpayers contributed 77.1 percent of the $2,293,553 the Normal Firefighters Pension Fund brought in 2018, or $3.36 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 $1,767,964 to the fund, which saw a $220,865 increase in revenue over 2017. Members contributed $525,589, or 22.9 percent, in 2018.

Normal Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,096,480	$1,386,559	$1,528,405	$1,584,522	$1,767,964	61.2%
Pension members	$430,468	$441,881	$462,784	$488,166	$525,589	22.1%
Other Revenue	$13	$9	$0	$0	$0	-100%
Total	$1,526,961	$1,828,449	$1,991,189	$2,072,688	$2,293,553	50.2%