Analysis: Stone Park Police Pensionfund would go broke in five years without taxpayer subsidy
The fund has $3,640,050 in total assets. If the funds annual losses were the same, it would run out of money in five years without these subsidies.
The fund lost $6,710 in investment income and other revenue in 2016. At the same time, it paid out $782,736 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 $740,725 to the funds revenue last year – an amount that has increased from $598,519 five years ago. Members contributed an additional $78,283 – $17,340 less than five years ago.
In all, subsidies amounted to $819,008 in 2016.