The fund has $23,960,385 in total assets. If the funds annual losses were the same, it would run out of money in 10 years without these subsidies.
The fund lost $540,628 in investment income and other revenue in 2016. At the same time, it paid out $1,932,846 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 $1,084,796 to the funds revenue last year – an amount that has decreased from $1,457,016 five years ago. Members contributed an additional $327,651 – $34,800 more than five years ago.
In all, subsidies amounted to $1,412,447 in 2016.
Norridge Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | -$540,628 | $1,932,846 | -$2,473,474 |
| 2015 | $1,768,480 | $1,858,224 | -$89,744 |
| 2014 | $1,923,730 | $1,635,101 | $288,629 |
| 2013 | $1,565,671 | $1,472,613 | $93,058 |
| 2012 | $706,877 | $1,398,301 | -$691,424 |
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