The fund has $6,493,778 in total assets. If the funds annual losses were the same, it would run out of money in 14 years without these subsidies.
The fund lost $23,937 in investment income and other revenue in 2016. At the same time, it paid out $459,485 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 $339,731 to the funds revenue last year – an amount that has decreased from $344,966 five years ago. Members contributed an additional $121,848 – $12,288 less than five years ago.
In all, subsidies amounted to $461,579 in 2016.
Godfrey Paid Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | -$23,937 | $459,485 | -$483,422 |
| 2015 | $367,637 | $426,079 | -$58,442 |
| 2014 | $313,491 | $399,162 | -$85,671 |
| 2013 | $340,966 | $323,320 | $17,646 |
| 2012 | $267,905 | $257,682 | $10,223 |
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