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The fund has $26,996,534 in total assets. If the fund’s annual losses stay the same, it would run out of money in 74 years without these subsidies.
The fund earned $1,883,262 in investment income and other revenue in 2018. At the same time, it paid out $2,249,687 in expenses, according to the 2019 biennial report detailing the health of each of the state’s pension funds and retirement systems. The difference between the two shows the fund’s annual loss without subsidies.
Taxpayers added $934,159 to the fund’s revenue last year – an amount that has decreased from $982,941 five years ago. Members contributed an additional $266,428 – $12,399 more than five years ago.
In all, subsidies amounted to $1,200,587 in 2018.
Westchester Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $1,883,262 | $2,249,687 | -$366,425 |
| 2017 | $2,252,946 | $2,121,455 | $131,491 |
| 2016 | -$364,914 | $2,089,712 | -$2,454,626 |
| 2015 | $1,569,330 | $2,038,703 | -$469,373 |
| 2014 | $1,678,657 | $1,885,493 | -$206,836 |
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