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The fund has $14,105,540 in total assets. If the fund’s annual losses stay the same, it would run out of money in 109 years without these subsidies.
The fund earned $505,514 in investment income and other revenue in 2018. At the same time, it paid out $635,979 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 $802,384 to the fund’s revenue last year – an amount that has increased from $623,875 five years ago. Members contributed an additional $289,037 – $2,342 more than five years ago.
In all, subsidies amounted to $1,091,421 in 2018.
Grayslake FPD Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $505,514 | $635,979 | -$130,465 |
| 2017 | $535,525 | $627,348 | -$91,823 |
| 2016 | -$370,292 | $528,489 | -$898,781 |
| 2015 | $244,982 | $454,722 | -$209,740 |
| 2014 | $219,211 | $418,632 | -$199,421 |
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