Pension funds in Alton could sustain themselves longest without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
Pension funds record revenue from investment income and other revenue, in addition to being subsidized by municipal taxes and member contributions. Taking those subsidies out of the equation and assuming the funds annual expenses are the same, the following table shows how long it would take for a pension fund to run out of money.
Which Metro East pension funds are self-sustaining?
| Fund | City | Total Non-Subsidy Revenue | Total Expenses | Total Annual Loss without Subsidy | Years Until Assets Spent |
| Fosterburg FPD Firefighters Pension Fund | Alton | $31,564 | $28,391 | $3,173 | 454.08 |
ORGANIZATIONS IN THIS STORY
Granite City Police Pension Fund• Belleville Police Pension Fund• Centreville Police Pension Fund• Wood River Police Pension Fund• Cahokia Police Pension Fund• Maryville Police Pension Fund• Washington Park Police Pension Fund• Edwardsville Police Pension Fund• Mascoutah Police Pension Fund• Glen Carbon Police Pension Fund• East Alton Police Pension Fund• Alton Firefighters Pension Fund• Pontoon Beach Police Pension Fund• Fairview/Caseyville Fire Department Firefighters Pension Fund• Jerseyville Police Pension Fund• Fairview Heights Police Pension Fund• Alton Police Pension Fund• Edwardsville Firefighters Pension Fund• Collinsville Police Pension Fund
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