The fund has $12,198,978 in total assets. If the funds annual losses were the same, it would run out of money in 14 years without these subsidies.
The fund lost $370,292 in investment income and other revenue in 2016. At the same time, it paid out $528,489 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 $725,109 to the funds revenue last year – an amount that has decreased from $853,513 five years ago. Members contributed an additional $272,027 – $29,164 more than five years ago.
In all, subsidies amounted to $997,136 in 2016.
Grayslake FPD Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2016 | -$370,292 | $528,489 | -$898,781 |
| 2015 | $244,982 | $454,722 | -$209,740 |
| 2014 | $219,211 | $418,632 | -$199,421 |
| 2013 | $507,955 | $409,590 | $98,365 |
| 2012 | -$14,811 | $396,979 | -$411,790 |
Alerts Sign-up