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The fund has $5,740,842 in total assets. If the fund’s annual losses stay the same, it would run out of money in 24 years without these subsidies.
The fund earned $239,965 in investment income and other revenue in 2018. At the same time, it paid out $483,569 in expenses, according to the 2019 biennial report detailing the health of each of the state’s pension funds and retirement systems. The difference between the two shows the fund’s annual loss without subsidies.
Taxpayers added $414,940 to the fund’s revenue last year – an amount that has increased from $332,308 five years ago. Members contributed an additional $65,218 – $5,176 more than five years ago.
In all, subsidies amounted to $480,158 in 2018.
Wood River Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $239,965 | $483,569 | -$243,604 |
| 2017 | $346,265 | $428,782 | -$82,517 |
| 2016 | -$68,194 | $422,058 | -$490,252 |
| 2015 | $169,570 | $382,382 | -$212,812 |
| 2014 | $326,133 | $388,984 | -$62,851 |
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