Analysis: Bloomington pays $5.32 for every $1 pensioners contribute to Bloomington Firefighters Pension Fund

By McLean County Times

Jul 2, 2020

Taxpayers contributed 84.2 percent of the $5,789,630 the Bloomington Firefighters Pension Fund brought in 2018, or $5.32 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 $4,873,683 to the fund, which saw a $300,603 increase in revenue over 2017. Members contributed $915,947, or 15.8 percent, in 2018.

Bloomington Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,910,842	$3,945,587	$4,416,266	$4,678,635	$4,873,683	67.4%
Pension members	$802,467	$803,647	$808,931	$810,392	$915,947	14.1%
Other Revenue	$50	$75	$70	$0	$0	-100%
Total	$3,713,359	$4,749,309	$5,225,267	$5,489,027	$5,789,630	55.9%