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The fund has $2,971,481 in total assets. If the fund’s annual losses stay the same, it would run out of money in 50 years without these subsidies.
The fund earned $52,340 in investment income and other revenue in 2018. At the same time, it paid out $112,927 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 $252,350 to the fund’s revenue last year – an amount that has increased from $110,732 five years ago. Members contributed an additional $86,492 – $20,705 more than five years ago.
In all, subsidies amounted to $338,842 in 2018.
Johnsburg Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $52,340 | $112,927 | -$60,587 |
| 2017 | $68,503 | $111,506 | -$43,003 |
| 2016 | $45,698 | $118,088 | -$72,390 |
| 2015 | $20,021 | $105,174 | -$85,153 |
| 2014 | -$35,086 | $105,001 | -$140,087 |
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