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The fund has $74,396,985 in total assets. If the fund’s annual losses stay the same, it would run out of money in 10 years without these subsidies.
The fund lost $3,589,649 in investment income and other revenue in 2018. At the same time, it paid out $4,668,480 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 $2,470,705 to the fund’s revenue last year – an amount that has increased from $1,953,494 five years ago. Members contributed an additional $751,474 – $64,532 more than five years ago.
In all, subsidies amounted to $3,222,179 in 2018.
Glenview Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | -$3,589,649 | $4,668,480 | -$8,258,129 |
| 2017 | $8,439,096 | $4,235,406 | $4,203,690 |
| 2016 | $3,937,693 | $3,998,765 | -$61,072 |
| 2015 | -$2,979 | $3,716,349 | -$3,719,328 |
| 2014 | $2,803,463 | $3,320,042 | -$516,579 |
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