Analysis: Bloomington pays $4.59 for every $1 pensioners contribute to Bloomington Police Pension Fund

By McLean County Times

Jul 3, 2020

Taxpayers contributed 82.1 percent of the $6,612,212 the Bloomington Police Pension Fund brought in 2018, or $4.59 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 $5,429,839 to the fund, which saw a $550,849 increase in revenue over 2017. Members contributed $1,182,348, or 17.9 percent, in 2018. Another $25 came from other unspecified sources.

Bloomington Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$3,183,834	$3,758,826	$4,690,359	$4,947,245	$5,429,839	70.5%
Pension members	$1,275,344	$998,826	$1,158,840	$1,113,722	$1,182,348	-7.3%
Other Revenue	$0	$0	$0	$396	$25	-
Total	$4,459,178	$4,757,652	$5,849,199	$6,061,363	$6,612,212	48.3%