Adobe Stock
Adobe Stock
The fund has $97,685,822 in total assets. If the fund’s annual losses stay the same, it would run out of money in 88 years without these subsidies.
The fund earned $7,097,567 in investment income and other revenue in 2018. At the same time, it paid out $8,215,474 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 $8,506,939 to the fund’s revenue last year – an amount that has increased from $5,694,120 five years ago. Members contributed an additional $1,385,451 – $49,139 more than five years ago.
In all, subsidies amounted to $9,892,390 in 2018.
Waukegan Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $7,097,567 | $8,215,474 | -$1,117,907 |
| 2017 | $8,155,901 | $7,606,018 | $549,883 |
| 2016 | $46,528 | $7,186,737 | -$7,140,209 |
| 2015 | $5,204,299 | $6,846,410 | -$1,642,111 |
| 2014 | $6,675,625 | $6,417,900 | $257,725 |
Alerts Sign-up