The fund has $21,046,649 in total assets. If the funds annual losses were the same, it would run out of money in six years without these subsidies.
The fund lost $522,940 in investment income and other revenue in 2016. At the same time, it paid out $3,618,085 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 $3,069,684 to the funds revenue last year – an amount that has increased from $2,596,836 five years ago. Members contributed an additional $419,745 – $36,587 less than five years ago.
In all, subsidies amounted to $3,489,429 in 2016.
Alton Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | -$522,940 | $3,618,085 | -$4,141,025 |
| 2015 | $1,128,017 | $3,524,165 | -$2,396,148 |
| 2014 | $1,804,949 | $3,329,966 | -$1,525,017 |
| 2013 | $956,242 | $3,128,391 | -$2,172,149 |
| 2012 | $1,247,436 | $3,004,416 | -$1,756,980 |
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