The fund has $7,481,461 in total assets. If the funds annual losses were the same, it would run out of money in three years without these subsidies.
The fund earned $363,663 in investment income and other revenue in 2016. At the same time, it paid out $3,466,253 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 $801,797 to the funds revenue last year – an amount that has decreased from $2,475,933 five years ago. Members contributed an additional $296,794 – $5,430 less than five years ago.
In all, subsidies amounted to $1,098,591 in 2016.
East St Louis Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | $363,663 | $3,466,253 | -$3,102,590 |
| 2015 | -$135,371 | $3,556,240 | -$3,691,611 |
| 2014 | $523,787 | $3,432,175 | -$2,908,388 |
| 2013 | $1,483,080 | $3,271,087 | -$1,788,007 |
| 2012 | $772,128 | $3,174,488 | -$2,402,360 |
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