The fund has $17,079,811 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 $163,853 in investment income and other revenue in 2016. At the same time, it paid out $1,642,288 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 $1,271,953 to the funds revenue last year – an amount that has decreased from $1,514,719 five years ago. Members contributed an additional $249,705 – $38,574 more than five years ago.
In all, subsidies amounted to $1,521,658 in 2016.
Hillside Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | $163,853 | $1,642,288 | -$1,478,435 |
| 2015 | $1,136,292 | $1,615,563 | -$479,271 |
| 2014 | $1,107,673 | $1,560,954 | -$453,281 |
| 2013 | $1,201,550 | $1,544,073 | -$342,523 |
| 2012 | $641,781 | $1,501,130 | -$859,349 |
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