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The fund has $947,728 in total assets. If the fund’s annual losses stay the same, it would run out of money in 28 years without these subsidies.
The fund earned $4,187 in investment income and other revenue in 2018. At the same time, it paid out $38,086 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 $145,213 to the fund’s revenue last year – an amount that has increased from $0 five years ago. Members contributed an additional $94,518 – $23,059 more than five years ago.
In all, subsidies amounted to $239,731 in 2018.
Lakemoor Police Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $4,187 | $38,086 | -$33,899 |
| 2017 | $1,593 | $74,839 | -$73,246 |
| 2016 | $2,081 | $25,922 | -$23,841 |
| 2015 | $133,456 | $3,136 | $130,320 |
| 2014 | $131 | $24,228 | -$24,097 |
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