Analysis: Bethalto Police Pension Fund would go broke in 13 years without taxpayer subsidy
The fund has $6,650,418 in total assets. If the funds annual losses were the same, it would run out of money in 13 years without these subsidies.
The fund lost $88,862 in investment income and other revenue in 2016. At the same time, it paid out $435,820 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 $367,739 to the funds revenue last year – an amount that has increased from $306,855 five years ago. Members contributed an additional $90,086 – $4,561 more than five years ago.
In all, subsidies amounted to $457,825 in 2016.