Pension funds in Collinsville, Fairview Heights and Glen Carbon would go bankrupt first 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 will go bankrupt first?
Rank
Fund
City
Total Non-Subsidy Revenue
Total Expenses
Total Annual Loss without Subsidy
Years Until Assets Spent
1
Collinsville Police Pension Fund
Collinsville
$1,061,159
$1,575,843
-$514,684
0
2
Fairview/Caseyville FPD Firefighters Pension Fund
Fairview Heights
$32,137
$131,345
-$99,208
0
3
Glen Carbon Police Pension Fund
Glen Carbon
-$78,613
$165,020
-$243,633
0
4
Mascoutah Police Pension Fund
Mascoutah
-$67,681
$122,594
-$190,275
0
5
Maryville Police Pension Fund
Edwardsville
$10,589
$128,382
-$117,793
0
6
Edwardsville Police Pension Fund
Edwardsville
-$317,324
$954,736
-$1,272,060
0
7
Fairview Heights Police Pension Fund
Fairview Heights
-$253,744
$1,647,326
-$1,901,070
0
8
Wood River Police Pension Fund
Wood River
-$118,748
$721,017
-$839,765
0
9
Cahokia Police Pension Fund
Cahokia
-$28,952
$1,283,331
-$1,312,283
0
10
Edwardsville Firefighters Pension Fund
Edwardsville
-$224,018
$1,035,885
-$1,259,903
0
11
Belleville Police Pension Fund
Belleville
-$808,519
$3,188,608
-$3,997,127
0
12
Pontoon Beach Police Pension Fund
Edwardsville
-$19,869
$407,648
-$427,517
0
13
Washington Park Police Pension Fund
Caseyville
$3,168
$212,115
-$208,947
0
14
East Alton Police Pension Fund
East Alton
-$56,666
$326,881
-$383,547
0
15
Granite City Police Pension Fund
Granite City
-$393,568
$2,270,383
-$2,663,951
0
16
Jerseyville Police Pension Fund
Jerseyville
-$20,137
$558,443
-$578,580
0
17
Alton Police Pension Fund
Alton
-$522,940
$3,618,085
-$4,141,025
0
18
Centreville Police Pension Fund
Centreville
-$15,823
$180,736
-$196,559
0
19
Alton Firefighters Pension Fund
Alton
-$491,239
$3,743,213
-$4,234,452
0
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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