The fund has $17,404,240 in total assets. If the funds annual losses were the same, it would run out of money in seven years without these subsidies.
The fund earned $335,965 in investment income and other revenue in 2016. At the same time, it paid out $2,838,256 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 $688,617 to the funds revenue last year – an amount that has decreased from $1,671,709 five years ago. Members contributed an additional $313,787 – $30,233 more than five years ago.
In all, subsidies amounted to $1,002,404 in 2016.
East St Louis Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | $335,965 | $2,838,256 | -$2,502,291 |
| 2015 | -$284,064 | $2,790,047 | -$3,074,111 |
| 2014 | $1,063,226 | $3,035,840 | -$1,972,614 |
| 2013 | $2,446,211 | $2,857,566 | -$411,355 |
| 2012 | $1,412,314 | $2,757,703 | -$1,345,389 |
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