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The fund has $2,981,546 in total assets. If the fund’s annual losses stay the same, it would run out of money in nine years without these subsidies.
The fund earned $135,180 in investment income and other revenue in 2018. At the same time, it paid out $507,556 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 $467,579 to the fund’s revenue last year – an amount that has increased from $331,145 five years ago. Members contributed an additional $50,658 – $2,379 less than five years ago.
In all, subsidies amounted to $518,237 in 2018.
Forest View Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $135,180 | $507,556 | -$372,376 |
| 2017 | $154,536 | $477,740 | -$323,204 |
| 2016 | -$86,227 | $430,762 | -$516,989 |
| 2015 | $97,411 | $415,720 | -$318,309 |
| 2014 | $109,795 | $409,553 | -$299,758 |
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