Analysis: South Barrington Police Pension Fund would go broke in 12 years without taxpayer subsidy
The fund has $8,554,989 in total assets. If the funds annual losses were the same, it would run out of money in 12 years without these subsidies.
The fund lost $29,134 in investment income and other revenue in 2016. At the same time, it paid out $695,521 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 $937,886 to the funds revenue last year – an amount that has increased from $569,801 five years ago. Members contributed an additional $131,323 – $23,535 less than five years ago.
In all, subsidies amounted to $1,069,209 in 2016.