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The fund has $11,649,429 in total assets. If the fund’s annual losses stay the same, it would run out of money in 65 years without these subsidies.
The fund earned $518,280 in investment income and other revenue in 2018. At the same time, it paid out $697,566 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 $559,395 to the fund’s revenue last year – an amount that has increased from $404,287 five years ago. Members contributed an additional $145,573 – $30,400 less than five years ago.
In all, subsidies amounted to $704,968 in 2018.
Highland Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $518,280 | $697,566 | -$179,286 |
| 2017 | $695,461 | $602,655 | $92,806 |
| 2016 | -$63,296 | $667,347 | -$730,643 |
| 2015 | $557,433 | $636,807 | -$79,374 |
| 2014 | $699,543 | $539,568 | $159,975 |
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