The fund has $11,997,478 in total assets. If the funds annual losses were the same, it would run out of money in 10 years without these subsidies.
The fund lost $121,415 in investment income and other revenue in 2016. At the same time, it paid out $1,196,239 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 $1,091,332 to the funds revenue last year – an amount that has increased from $854,508 five years ago. Members contributed an additional $212,580 – $46,465 more than five years ago.
In all, subsidies amounted to $1,303,912 in 2016.
Schiller Park Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | -$121,415 | $1,196,239 | -$1,317,654 |
| 2015 | $548,583 | $1,229,257 | -$680,674 |
| 2014 | $863,130 | $1,091,901 | -$228,771 |
| 2013 | $769,345 | $1,001,462 | -$232,117 |
| 2012 | $145,178 | $966,039 | -$820,861 |
Alerts Sign-up