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The fund has $17,782,600 in total assets. If the fund’s annual losses stay the same, it would run out of money in 14 years without these subsidies.
The fund lost $649,581 in investment income and other revenue in 2018. At the same time, it paid out $690,970 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 $1,552,828 to the fund’s revenue last year – an amount that has increased from $289,913 five years ago. Members contributed an additional $173,326 – $3,183 more than five years ago.
In all, subsidies amounted to $1,726,154 in 2018.
Barrington Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | -$649,581 | $690,970 | -$1,340,551 |
| 2017 | $1,864,199 | $774,425 | $1,089,774 |
| 2016 | $888,626 | $585,778 | $302,848 |
| 2015 | $184,990 | $528,987 | -$343,997 |
| 2014 | $920,592 | $537,951 | $382,641 |
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