The fund has $7,841,912 in total assets. If the funds annual losses were the same, it would run out of money in 12 years without these subsidies.
The fund earned $24,494 in investment income and other revenue in 2016. At the same time, it paid out $707,635 in expenses, according to the 2017 biennial report detailing the health of each of the states pension funds and retirement systems. The difference between the two shows the funds annual loss without subsidies.
Taxpayers added $419,103 to the funds revenue last year – an amount that has increased from $265,000 five years ago. Members contributed an additional $126,841 – $22,624 more than five years ago.
In all, subsidies amounted to $545,944 in 2016.
Berkeley Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | $24,494 | $707,635 | -$683,141 |
| 2015 | $468,756 | $760,280 | -$291,524 |
| 2014 | $457,657 | $853,104 | -$395,447 |
| 2013 | $581,585 | $674,659 | -$93,074 |
| 2012 | $279,148 | $623,555 | -$344,407 |
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